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Etherealize updates long-term ETH price prediction to $250000
If Ethereum captures the same monetary premium as bitcoin and gold carry as stores-of-value with a combined market cap of $31 trillion, that implies a price north of $250,000 per ETH.
The report argues ETH is unique in the history of money in being both a value store and a “productive asset.”
Etherealize, the institutional marketing and product arm for the Ethereum ecosystem, has set a new long-term price target for ETH at $250,000, arguing the token represents something of a unique asset in the history of money.
The price call is significantly lower than Etherealize’s previous $740,000 per token target, set last year during the firm’s first public communique. It is also a significant reach for an asset that is currently trading at $2,300, according to The"It's all about timing and inevitability," Vivek Raman, co-founder of Etherealize, told The Block. "We think Ethereum is going to be the backbone of the global financial system, and that there's going to be one or two digital assets that become the store-of-value assets