Eric Trump Has An Optimistic View On Ethereum’s Current Value, Agrees ETH Should Have Crossed $8,000 By Now

Eric Trump, the executive vice president of The Trump Organization, agreed on Thursday that Ethereum (CRYPTO: ETH) is undervalued and should be trading above $8,000.

What Happened: Trump was responding to assertions made by noted cryptocurrency analyst and investor Ted Pillows about Ethereum’s performance.

Pillows compared ETH’s growth with the global M2 money supply, i.e, the Federal Reserve’s estimate of liquid assets, including cash on hand, money deposited in accounts, and other short-term saving vehicles.

“Comparing with M2 supply growth, ETH should be trading above $8,000 by now,” Pillows said. “This shows how undervalued ETH is right now, and is probably one of the best trades out …

Full story available on Benzinga.com