- Bitcoin and Ethereum have taken off in 2021 and have further upside, predicts strategist Lyn Alden.
- Cryptocurrencies are highly volatile and dependent on sentiment, headlines, and regulatory policies.
- According to Alden, there are only two altcoins that are worth considering.
Bitcoin (BTC) will hit $100,000 in 2022 and Ethereum will reach $5,000, predicts Lyn Alden, founder of Lyn Alden Investment Strategy. But the cryptocurrency bull issued a warning to would-be crypto investors that not all that glitters in the hazy altcoin market is “digital gold.”
The world’s most famous cryptocurrency is up 56% in 2021 and soared as much as 120% earlier in the year, gaining widespread investor interest as both a digital currency and a store of value. Despite the outsized gains, Alden said she’s very bullish on bitcoin and believes it has five-to-10 more years of attractive growth.
“I think we’re still in kind of the early-to-mid-stage of its long-term trajectory,” Alden said in a recent interview with Insider. “So that remains, I think, the best risk-reward as kind of a set-it-and-forget-it allocation.”
