VanEck predicts that the price of Ethereum will reach $22,000 by 2030
ChainCatcher news, asset management company VanEck announced that it has raised its target price for Ethereum in 2030 to $22,000. This move is influenced by Ethereum ETF news, scalability progress, and on-chain data.VanEck pointed out that Ethereum is reshaping multiple industries, including finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence. Additionally, VanEck predicts that the size of the Ethereum (spot) ETF could exceed that of the Bitcoin ETF and expects that this ETF will be approved for listing, providing a convenient way for financial advisors and institutional investors to hold Ethereum.The report also emphasizes that the low cost, high efficiency, and transparency of Ethereum technology are key factors driving the increase in Ethereum's price. VanEck further predicts that this shift will force traditional financial and tech institutions to transfer a significant market share to blockchain-based solutions, with these institutions currently holding up to $15 trillion in total addressable market.VanEck also noted that by 2030, the free cash flow generated from holding Ethereum is expected to reach $66 billion, which will also help drive Ethereum's valuation toward the expected target. Since the beginning of this year, the price of Ethereum has risen by more than 63%.