From Investing.com: 2024-06-06 10:00:53

Investment firm VanEck predicts Ethereum (CRYPTO: ETH) will reach $22,000 U.S. by 2030. This is a substantial increase from the current level of $3,850 U.S. per digital token. VanEck also expects Ether funds to surpass ETFs in the future, citing Ethereum’s disruption across various sectors. The price forecast is based on institutional investors allocating capital to spot Ether ETFs. VanEck highlights Ethereum’s advantages over Bitcoin, such as lower costs, increased efficiency, and greater transparency. Analysts anticipate free cash flows from Ethereum to hit $66 billion U.S. by 2030, potentially driving up its valuation. Year-to-date, Ethereum’s price has risen by 63% and doubled in the past 12 months.

Read more at Investing.com: VanEck Forecasts Ethereum’s Price Will Hit $22,000 By 2030 By Yolowire.com