Popular crypto trader SalsaTekila has predicted that ethereum will outperform bitcoin in the coming year.
The pseudonym investor, who gained fame after turning a couple thousand dollars into $ 100,000 in crypto earnings, issued a tweet on December 13 highlighting ethereum performance.
According to the trader, he now owns an “uncomfortable amount” of ETH and says the crypto asset is likely to outperform bitcoin in the coming year.
Salsa had previously tweeted that bitcoin was not likely to break above $ 20k in the near term, predicting that investors would start converting to fiat and keep the price moving forward.
However, he noted that bitcoin had no discernible technical objection on the trading charts and admitted its intention to buy “all BTC dips,” preventing a tidal change.
Bitcoin went on to establish a new all-time high of $ 23,500 on December 17, with the price of ETH also reaching a relative 2020 high.
Featured Image Credit: Photo via Pixabay.com