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The head of research for a blockchain analytics firm breaks down why bitcoin and ethereum can reach $100,000 and $10,000 respectively by next year - and shares 2 altcoins that are best positioned...

The head of research for a blockchain analytics firm breaks down why bitcoin and ethereum can reach $100,000 and $10,000 respectively by next year - and shares 2 altcoins that are best positioned...

Lucas Outumuro is the head of research for blockchain analytics firm IntoTheBlock.
IntoTheBlock




Lucas Outumuro is the head of research for the blockchain analytics firm IntoTheBlock.




Outumuro breaks down how bitcoin and ether could reach $100k and $10k, respectively, by next year.




He also shares 2 altcoins for a DeFi comeback as the total value unlocked rose to $95 billion.




See more stories on Insider's business page.


Growing up in Caracas, Venezuela, Lucas Outumuro witnessed firsthand the damaging effect of hyperinflation. "A lot of my extended family started out relatively wealthy but lost a lot of their savings," he told Insider in an interview. "My grandfather was a lawyer and had quite a decent pension for a while. It's now like pennies."Outumuro's upbringing made it natural for him to emotionally resonate with the theory of bitcoin as a peer-to-peer, trustless, and decentralized cryptocurrency. His technology-minded personality also drew him to ethereum, the second-largest crypto that powers the decentralized finance applications built on top of it.When the opportunity to work for blockchain analytics firm IntoTheBlock arose, Outumuro was eager to do whatever it took to get involved. He started out as an analyst and worked his way up to become the head of research, leading a growing team that covers everything from on-chain analytics and price predictions to DeFi strategies and market dynamics.
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