Ryan S. Adams, host of Bankless, proposes a bold prediction for Ethereum (ETH), suggesting its price could soar to 740,000 USD. This projection stems from his analysis of ETH’s potential market cap, estimated at 89 trillion USD, treating it akin to traditional reserve assets like oil.
The crypto community has responded with both enthusiasm and skepticism. Some, like Simon from MoonRock Capital, support Adams’ analogy of Ethereum as ‘Digital Oil’, while others criticize the flawed methodology, emphasizing that GDP is not a tradable asset in this context.
Leave a Reply