Close
In line with Ethereum price forecast to 2023, Van Ecker writes: Ethereum valuation in 2030 is driven by $66 billion in cash flow and $15 trillion in TAM potential.
VanEck predicts that Ether will reach $22,000 by 2030.
This thesis is based on the potential of Ethereum, developments with ETFs, and VanEck’s take on blockchain data.
VanEck has a new price target for Ether (ETH), the primary token of the Ethereum protocol: $22,000 by 2030, according to Pooyan Music. This is a big jump from the current level of around $3,850.
The global investment firm has applied to list an Ether Exchange Traded Fund (ETF). He predicts that Ethereum ETFs could be bigger than their Bitcoin counterparts. In a recent report, they wrote that Ether will rise to that level due to the power and cash flow generated for Ethereum token holders.
“Ethereum captures the financial, banking, payments, marketing, advertising, social, gaming, infrastructure, and artificial intelligence sectors,” VanEck wrote. The forecast is also based on the expectation that Ether ETFs will be approved and the company’s “on-chain data read”.
Based on this report, we anticipate that Ethereum spot ETFs are close to being approved for trading on US exchanges. “This development allows 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.”
Van Eck wrote that the disruptive force driving Ethereum to $22,000 is that Ethereum-based technology can offer lower costs, increased efficiency, and greater transparency.
According to Van Eck’s thesis, this shift threatens to take significant market share from traditional financial and technology institutions, which collectively have a $15 trillion market available, to blockchain-based solutions.
VanEck also notes that free cash flows from Ethereum Holdings earnings will reach $66 billion by 2030, also pushing Ethereum’s valuation to its projected target.
Ether has increased by more than 63% compared to last year.
