Ethereum is on track to hit $22,000 by 2030, according to analysts at investment firm VanEck. This forecast has been raised from $11,800 last year and is based on Ethereum’s unique value proposition and disruptive power. Ethereum has already generated $3.4 billion in revenue in the last year, with VanEck predicting this figure to rise to $51 billion by 2030.
VanEck sees Ethereum as a revolutionary asset with few parallels in the traditional financial world. The Ethereum network secures over $90 billion in stablecoins, $7 billion in tokenized assets, and $308 billion in digital assets. The firm likened Ethereum to a “Digital Mall” with a significant growth in usership and revenue since 2019.
The potential for Ethereum to disrupt various industries such as infrastructure, artificial intelligence, marketing, social, and gaming is also highlighted by VanEck. They believe that Ethereum could generate a fresh cash flow of $66 billion by 2030, supporting a $2.2 trillion asset or $22,000 per coin.
VanEck’s price target of $22,000 by 2030 represents a 487% increase from the current price of Ethereum. This figure is based on the expectation that spot ether ETFs will soon be approved for trading, similar to spot BTC ETFs that have seen strong investor demand. Approval of spot ether ETFs would allow institutional investors to hold Ethereum with the security of qualified custodians and benefit from the advantages of ETFs.
After clearing BTC ETFs in January, the U.S. Securities and Exchange Commission has shown interest in approving spot ether ETFs. However, S-1 filings must be approved before investors can purchase the spot ETH products. With the potential for spot ether ETFs to attract more conservative institutional investors, Ethereum’s appeal is set to increase, potentially leading to a significant price increase by 2030.
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