Ethereum, Chosen as Wall Street's Payment Network...Will the $15,000 Era Begin?

▲ Ethereum (ETH)

A forecast has emerged that Ethereum (ETH) could rise to $15,000 in this cycle. Analysts suggest that with the interplay of Wall Street's tokenized financial products, institutional custody, spot Ethereum ETFs, and corporate accumulation of Ethereum, Ethereum is moving beyond being a mere speculative asset to establishing itself as the foundational payment layer for the regulated on-chain market.

NewsBTC reported on May 10 (local time), citing an analysis by crypto analyst Crypto Patel, that Ethereum could trade between $10,000 and $15,000 in this cycle. Crypto Patel presented about 10 factors as the basis for his Ethereum price forecast, with the core point being that Ethereum is moving beyond a stage where it is solely influenced by individual investor speculation or short-term market sentiment.

Crypto Patel assessed that Ethereum is emerging as a key payment layer for tokenized finance, institutional custody, exchange-traded products, and corporate Ethereum accumulation. He cited BlackRock's application for two Ethereum-based tokenized money market funds, JPMorgan's MONY fund operating on Ethereum, and BlackRock's BUIDL fund reaching a size of $2.85 billion, making it the largest on-chain real-world asset product, as key reasons.

The collaboration between Uniswap and Securitize was also presented as a bullish argument. This collaboration is structured to enable the use of BUIDL on-chain, connecting tokenized Wall Street assets with Ethereum DeFi liquidity. This was mentioned as an example of strengthening the direct link between traditional finance and DeFi.

Increased institutional accessibility was also cited as a factor supporting Ethereum's upward outlook. Crypto Patel mentioned that Robinhood is building an Ethereum-based Layer 2, BNY Mellon has launched Ethereum custody services in the UAE, and over $12 billion has flowed into spot Ethereum ETFs this year.

Corporate accumulation of Ethereum also garnered attention from the supply side. According to the article, BitMine has accumulated over 5 million ETH, which exceeds 4% of Ethereum's total supply. Crypto Patel believes that such corporate accumulation could act as a factor reducing the circulating supply in the market.

Other reasons presented include DTCC tokenizing Russell 1000 assets on the blockchain, with Ethereum being considered a primary candidate to host these assets. WisdomTree's fully staked Ethereum exchange-traded product operating in Europe was also mentioned as a factor expanding Ethereum exposure to regulated products.

NewsBTC stated that these factors collectively strengthen Ethereum's supply and demand structure. ETFs make it easier for institutions to buy Ethereum, custody services lower barriers to holding, corporate accumulation reduces available supply, and staked exchange-traded products provide access to regulated Ethereum investments with yields.

If institutional flows continue favorably, Ethereum is expected to break past $10,000 and rise to a maximum of $15,000 in this cycle. NewsBTC reported that these target prices represent approximately 335% and 550% increases, respectively, from the current price.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*