ETH Price Prediction: VanEck Executive Envisions $22,000 Ethereum by 2030
CryptoNewsTerminal Staff11 Sep, 2024
ETH Price Prediction: VanEck Executive Envisions $22,000 Ethereum by 2030
VanEck's Matthew Sigel has predicted that the Ethereum network could generate an annual revenue of up to $66 billion by 2030, potentially pushing the price of ETH to $22,000. Sigel emphasized the growing decentralized demand for ETH, particularly outside the United States, as trust in the U.S. dollar declines. He noted that ETH is becoming a preferred alternative for international trade and remittances due to its decentralized and censorship-resistant nature. Sigel's predictions are based on the belief that Ethereum will continue to expand its use cases beyond token issuance and decentralized finance (DeFi). He anticipates increased adoption in sectors such as supply chain management, gaming, and digital identity. It's important to note that price predictions are inherently uncertain and can be influenced by various factors, including market sentiment, macroeconomic conditions, and technological developments. Investors should conduct thorough research and exercise caution before making any investment decisions. ```
