VanEck’s Matthew Sigel, head of digital assets research, has outlined a scenario where Ethereum (ETH) could reach a staggering $154,000.
Market Share Expansion
Sigel believes Ethereum can achieve this six-figure price by capturing a significant portion of the market:
- 90% of smart contract value
- 15% of total financial markets
- 50% of advertising hosted on open-source blockchains
- 20-25% of IT infrastructure and AI on open-source blockchains
Global Economic Factors
Sigel also emphasizes the influence of the global macro economy on Ethereum’s prospects:
- Strong performance in emerging markets
- Weakening US dollar
- Regulatory embrace of digital assets or their transfer to other countries
VanEck’s Targets
VanEck’s report sets a base case target for Ethereum of $22,000, a potential gain of 518%. To reach the bull case target of $154,000, Ethereum would need to appreciate by 4,225% from its current price of $3,560.
Disclaimer: This information is for educational purposes only and should not be considered investment advice./p>
