On the 5th, analysts at investment management company VanEck published a report predicting that the price of Ethereum (ETH) will rise to a maximum of $154,000 (approximately 24 million yen) by 2030.
The report was written by Matthew Sigel, head of digital asset research at VanEck, Patrick Bush, senior investment analyst for digital assets, and Denis Zinoviev, associate product manager.
The report was written on the assumption that an Ethereum spot ETF will soon begin trading in the United States. VanEck also prefaced the report by saying that it is merely the opinion of the report's authors.
In the future, if Ethereum continues to grow by rapidly expanding market share from major technology companies in addition to traditional financial market participants and by maintaining its dominant position as a smart contract platform, it could rise to $22,000 (approximately 3.42 million yen) by 2030.
The forecast price of $22,000 is based on a base case scenario, with a maximum of $154,000 in a bullish situation and $360 (approximately 56,000 yen) in a bearish situation.
In predicting the price of Ethereum, it seems that the evaluation began by estimating the market size of business sectors that blockchain apps such as dApps (decentralized apps) will affect. Based on the annual revenue of each industry sector, the target market size is estimated to be $15 trillion (approximately 2,335 trillion yen).
Specific sectors that Ethereum may affect are listed below.
- Finance/Banking/Payment
- Marketing/Advertising/Social Games
- Infrastructure
- AI
The report also estimates that the penetration rate in each field is 7.5% for finance/banking/payments, 20% for marketing/advertising/social games, 10% for infrastructure, and 5% for AI. Based on these penetration rates, the report predicts that the price of Ethereum in 2030 will be predicted.
Analysts predict that the fields in which Ethereum will be used in the future will be mostly financial activities, although there will be some influence from AI. One of Ethereum's strengths is the use of the network for stable coins, etc., and it is pointed out that such financial activities could support the equivalent of 71% of the price of Ethereum in 2030.
Reference: Report
Image: Shutterstock
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