Markets
VanEck predicts Ether will reach $22,000 by 2030
VanEck has a new price target for ether (ETH)the native token of the Ethereum protocol: $22,000 by 2030.
This would be a huge jump from current levels around $3,850.
Ethereum is revolutionizing the finance, banking, payments, marketing, advertising, social, gaming, infrastructure and artificial intelligence industries, VanEck wrote. The prediction is also based on the expectation that ether ETFs will be approved and the company’s “reading of on-chain data.”
“We expect spot ether ETFs to be close to approval for trading on US 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, greater efficiency and greater transparency.
This shift, according to VanEck’s thesis, threatens to shift significant market share from traditional financial and technology institutions, which collectively have a total available market of $15 trillion, to blockchain-based solutions.
VanEck also notes that free cash flows from revenue from owning Ether will reach $66 billion by 2030, also bringing Ether’s valuation to its projected target.
Ether is up more than 63% year to date.