VanEck Sees Ether Hitting $22K by 2030

VanEck
has
a
new
price
target
for
ether

(ETH),
the
native
token
of
the
Ethereum
protocol:
$22,000
by
2030.

That
would
be
a
massive
jump
from
current
levels
around
$3,850.

The
global
investment
firm,
which
has
applied
to
list
an
ether
exchange-traded
fund
(ETF),
and

forecasts
that
ether
ETFs
could
be
larger
than
their
bitcoin
counterpart,
wrote
in
a

recent
report
that
ether
will
soar
to
that
lofty
level
because
of
Ethereum’s
disruptive
power
and
cashflow
generated
for
token
holders.

Ethereum
is
disrupting
the
finance,
banking,
payments,
marketing,
advertising,
social,
gaming,
infrastructure
and
artificial
intelligence
sectors,
VanEck
wrote.
The
prediction
is
also
based
on
the
expectation
ether
ETFs
will
get
approved
and
the
company’s
”read
of
on-chain
data.”

“We
anticipate
that
spot
ether
ETFs
are
nearing
approval
to
trade
on
U.S.
stock
exchanges,”
according
to
the
report.
“This
development
would
allow
financial
advisors
and
institutional
investors
to
hold
this
unique
asset
with
the
security
of
qualified
custodians,
and
benefit
from
the
pricing
and
liquidity
advantages
characteristic
of
ETFs.”

VanEck
wrote
that
the
disruptive
power
pushing
ether
to
$22,000
is
that
Ethereum-based
technology
can
offer
lower
costs,
increased
efficiency
and
greater
transparency.

This
shift,
according
to
VanEck’s
thesis,
threatens
to
transfer
significant
market
share
from
traditional
financial
and
tech
institutions,
which
cumulatively
have
a
$15
trillion
total
available
market,
to
blockchain-based
solutions.

VanEck
also
notes
that
the
free
cash
flows
from
revenue
derived
by
holding
ether
are
set
to
hit
$66
billion
by
2030,
also
driving
ether’s
valuation
to
its
projected
target.

Ether
is
up
more
than
63%
year-to-date.