yolowire.com – Investment firm VanEck predicts that (CRYPTO: ETH) will reach $22,000 US dollars by 2030.
The price forecast represents an exponential rise from Ethereum's current level of $3,850 per digital token.
VanEck, who has filed to launch a spot Ethereum exchange-traded fund (ETF) in the United States, has also predicted that Ether funds could be larger than ETFs in the coming years.
“Ethereum is revolutionizing the finance, banking, payments, marketing, advertising, social media, gaming, infrastructure and artificial intelligence sectors,” VanEck wrote in a note to clients.
VanEck emphasizes that his price prediction for Ethereum relies on institutional investors allocating significant amounts of capital to spot Ether ETFs.
However, VanEck also points out that Ethereum has an advantage over Bitcoin (CRYPTO: BTC) because it offers lower costs, greater efficiency, and greater transparency.
VanEck analysts said free cash flows from income derived from holding Ethereum will reach $66 billion by 2030, which could boost Ethereum's valuation.
The price of Ethereum is up 63% so far this year and has doubled in the last 12 months.
This content was originally published by Yolowire.com
