What do institutional people think?
Be careful with narratives!
Meanwhile, crypto ETF issuer VanEck raised its price target for Ethereum — expecting the cryptocurrency to reach $22,000 by 2030.
In a blog published June 5 by VanEck's head of digital asset research Matthew Sigel and two colleagues, analysts raised their 2030 expectations for Ether — rising from just $11,800 last year — noting that its revenue per user exceeds most Web2 businesses and is poised to grow in popularity among traditional financial market participants as well as Big Tech.
“We anticipate that spot ether ETFs are close to being approved for trading on US exchanges. This development would allow financial advisors and institutional investors to hold this unique asset [...] and benefit from the pricing and liquidity advantages characteristic of ETFs,” the analysts said.
“We project ETH to appreciate in 2030 based on a forecast of $66 billion in free cash flows generated by Ethereum and accruing to the ETH token,” the analysts added.
Strong high coming!!!
It's time to make the right strategies, be careful with how you go, but in this market there's no way.
Patience until we get there.
Ethereum went up strong then!!!
