{"id":52094,"date":"2021-11-01T12:49:47","date_gmt":"2021-11-01T10:49:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52094"},"modified":"2025-09-03T08:32:24","modified_gmt":"2025-09-03T05:32:24","slug":"goldman-sachs-sees-ethereum-rising-to-8000-by-year-end","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/goldman-sachs-sees-ethereum-rising-to-8000-by-year-end\/","title":{"rendered":"Goldman Sachs sees Ethereum rising to $8,000 by year-end"},"content":{"rendered":"<p>Ethereum price could rise to $8,000 by year-end if the historical correlation with inflation expectations holds. This view is held by Goldman Sachs global markets managing director Bernard Rzymelka, according to <a href=\"https:\/\/www.zerohedge.com\/markets\/why-goldman-sees-ethereum-soaring-8000-year-end\">Zerohedge<\/a>.<\/p>\n<p>He cited the observed since 2019 correlation between the two-year expected inflation rate and the <a href=\"https:\/\/assets.bbhub.io\/professional\/sites\/27\/BGCI-Factsheet-10-26-21v2.pdf\">Bloomberg Galaxy Crypto<\/a> index. Ethereum&#8217;s weight in the latter is 40%, the same as Bitcoin. The remaining 20% goes to Litecoin, Bitcoin Cash, and EOS.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/cryptos%20vs%202y2y.png?itok=aTTcOF8_\" alt=\"Goldman Sachs sees Ethereum rising to $8,000 by year-end\"\/><figcaption>Data: Goldman Sachs, ZeroHedge.<\/figcaption><\/figure>\n<\/div>\n<p>According to the chart, the expected-inflation indicator as of October 25 reached 2.86%, while the cryptocurrency basket index had not yet reacted to the latest surge.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The latest spike in inflation expectations suggests potential for growth if the relationship of previous episodes holds (marked by grey circles). We see the prospect of a late-stage rally, with a future move to a long-term high&#8221;<\/em>, according to the report.<\/p>\n<\/blockquote>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/USD%20inflation%20swap%20vs%20ETH.jpg?itok=KRYLPnch\" alt=\"USD inflation swap vs ETH chart\"\/><figcaption>Data: Goldman Sachs, ZeroHedge.<\/figcaption><\/figure>\n<\/div>\n<p>On October 29, Ethereum updated <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-price-hits-new-high-above-4400\">a high above $4,400<\/a> as a tightening wedge.<\/p>\n<p>For the expert, this is a signal either of exhaustion and a peak [&#8230;] or the starting point of an accelerating rally on a break above. The latter scenario is supported by the fact that the RSI indicator has not yet reached overbought levels observed at previous market highs, he added.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/eth%201.png?itok=55ueeU7g\" alt=\"Ethereum price chart\"\/><figcaption>Data: Goldman Sachs, ZeroHedge.<\/figcaption><\/figure>\n<\/div>\n<p>As reported, billionaire Mark Cuban said that Ethereum <a href=\"https:\/\/forklog.com\/en\/news\/mark-cuban-ethereum-has-the-greatest-investment-potential\">has the greatest investment potential<\/a> among leading digital assets.<\/p>\n<p>The founder of the second-largest cryptocurrency, Vitalik Buterin <a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-says-ethereum-could-overtake-bitcoin-as-a-store-of-value\">acknowledged the superiority of his project over Bitcoin<\/a> as a safe-haven asset.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price could rise to $8,000 by year-end if the historical correlation with inflation expectations holds. This view is held by Goldman Sachs global markets managing director Bernard Rzymelka, according to ZeroHedge.<\/p>\n","protected":false},"author":1,"featured_media":52095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,728,1224,1138],"class_list":["post-52094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-goldman-sachs","tag-macroeconomics","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"53","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=52094"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52094\/revisions"}],"predecessor-version":[{"id":52096,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/52094\/revisions\/52096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/52095"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=52094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=52094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=52094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}