Popular crypto trader SalsaTekila has predicted ethereum will outperform bitcoin in the coming year.
The pseudonymous investor, who gained fame after turning a couple thousand dollars into $100,000 in crypto gains, published a tweet on December 13 highlighting the performance of ethereum.
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.
I own an uncomfortable amount of $ETH (spot). Bought more again today, with the trading gainz. I think it will outperform bitcoin in the coming year. It's the only way I can hold a swing trade for a long time: by owning the asset. I would never succeed with leverage.
— SalsaTekila (@SalsaTekila) December 13, 2020
Salsa had previously tweeted that bitcoin was unlikely to break above $20k in the near term, predicting investors would begin converting to fiat and keeping the price from advancing.
However, he noted that bitcoin had no discernible technical resistance on the trading charts and admitted his intention to buy “every BTC dip,” barring a shift in tides.
I hedged my $BTC exposure on this late dayt scam pump
Not saying it's going to dump, just think it's probably a good price to sell into fiat until I believe we break 20K, which isn't now IMO. pic.twitter.com/utqx07rptI
— SalsaTekila (@SalsaTekila) December 14, 2020
Bitcoin went on to establish a new all-time high of $23,500 on December 17, with the price of ETH also reaching a 2020 relative price high.
— SalsaTekila (@SalsaTekila) December 18, 2020