VanEck Ethereum Valuation Report: ETH to Approach $12,000 by 2030

VanEck report predicts ETH to reach $12,000 by 2030.

Traditional institution VanEck, which has managed ETFs worth $69 billion, predicts that the value of one Ethereum will be $11,800 in 2030. This article is translated by BlockTempo from Dapp.com.

Given the recent hard fork of Ethereum, which allows users to extract locked Ether (ETH), we believe this will become a significant competitor to US Treasuries. We have re-evaluated Ethereum using a more rigorous valuation model. Based on our estimate, Ethereum network revenue will increase from $2.6 billion per year to $51 billion in 2030. Assuming Ethereum has a 70% market share in smart contract protocols, this means the price in the 2030s will reach $11,800. We discounted this to $5,300 today using a 12% capital cost that we derived from Ethereum’s recent volatility.

We based these estimates on the view that Ethereum will become the dominant open-source global settlement network, carrying out most of the activities in the commercial sector that have the greatest potential to benefit from migrating business functions to the public blockchain. In a portfolio of similar smart contract platforms, we assume ownership of a range of subscription options, while the dominant platform may occupy most of the market share.

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Reference: https://www.techflowpost.com/article/detail_12077.html

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