Bitcoin Issuer VanEck Pointed to $22 Thousand for Ethereum!

Bitcoin ETF issuer VanEck made a jaw-dropping price prediction for Ethereum.

A recent report by VanEck included price expectations for Ethereum. The company predicted that the Ethereum price would reach $22,000 by 2030.

The presented report stated that the factors that will carry Ethereum to 22 thousand dollars are that Ethereum-based technology can offer lower costs, increased efficiency and greater transparency.

VanEck also stated that free cash flow from income earned by holding Ethereum will reach $66 billion by 2030, which will push Ethereum's valuation to its projected target.

Ethereum forecast increased

The company's price forecast for Ethereum was lower, but major event flows such as the spot Ethereum ETF news led to an upgrade in that expectation.

The report, written by Matthew Sigel, Patrick Bush, and others, stated the following:

Influenced by Ether ETF news, scaling progress, and what we read from on-chain data, we increased our 2030 ETH price target to $22,000. ETF development will allow financial advisors and institutional investors to hold this unique asset with the security of qualified custodians and benefit from the pricing and liquidity advantages characteristic of ETFs.