Ethereum Experts Claim ETH is 'Significantly Undervalued', Eyeing a Long-Term Target of $80,000

Ethereum (ETH) technologists have claimed in a report released this week for institutional investors that ETH is 'significantly undervalued'. Vivek Raman, co-founder of the newly established think tank 'Etherealize', and 21 other co-authors analyzed that compared to commodities like oil, the long-term price of ETH could reach $80,000 (with perspectives up to $700,000).

The report positions ETH as 'digital oil', pointing out that traditional tech stock valuation models are inadequate for properly assessing its value. It compares ETH to global reserve assets such as oil, bond markets, and the M2 money supply...