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

• 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.

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.