Fund Manager VanEck, Predicts Increase of Ethereum Price to $22,000 by 2030
VanEck, an investment company recently forecasted the price of Ethereum (ETH). VanEck said that ETH price may surge to about $22,000 by 2023; which is as a result of the advancements in Ethereum, and the revenue that ETH is anticipated to make for ETH investors.
VanEck stated that due to the possibility of spot Ethereum ETFs approval in the United States, institutional investors and major financial advisors will safely purchase Ethereum via holders who are certified. And ETFs make it easier to purchase and sell, with high liquidity at any time.
VanEck noted that Ethereum has the capacity to challenge the conventional systems of the financial world, and technology companies such as Apple and Google. Crypto experts emphasized that Ethereum's rising active customer base is about 20 million monthly.
Currently, Ethereum is the biggest cryptocurrency in regards to smart contracts. VanEck has predicted that by 2030, with yearly free inflows of about $66 billion, holders of Ethereum would see Ethereum price at $22,000; with a market worth of about $2.2 trillion.