Matthew Siegel, head of digital asset research at VanEck, recently discussed with Bankless the chances of Ethereum reaching the astronomical price of $154,000.

He stated that for this optimistic scenario to come true, Ethereum should cover large portions of various sectors; Smart contracts, advertising as well as IT infrastructure.

Siegel emphasized that in order to achieve such high prices, Ethereum would need to control 90% of value transfer through smart contracts, with significant shares in the advertising and IT sectors through open source blockchains.

Additionally, Siegel commented on the importance of global macroeconomic dynamics, especially the performance of emerging markets and the strength of the US dollar, in determining the fate of Ethereum.