Ethereum, $250,000 if it catches up to gold's market cap? Market stirred by 11,400% surge scenario

▲ Ethereum (ETH) / ChatGPT generated image

A prediction has been made that Ethereum (ETH) could reach $250,000 if it grows to a size comparable to gold's market capitalization in the long term. Cryptocurrency research firm Etherealize analyzed that Ethereum could become more than just a price appreciation asset, positioning itself as a settlement layer for global finance and a store of value for the digital economy in the future.

NewsBTC reported on May 20 (local time) that anonymous analyst and investor Digital Oil, citing an Etherealize report, presented a long-term bullish view that the Ethereum network and ETH could absorb some of the world's largest markets. Digital Oil assessed Ethereum's potential for widespread use, given its status as the second-largest cryptocurrency by market capitalization and a key foundation for decentralized finance.

The title of the report authored by Etherealize is 'Ethereum Bull Thesis: Digital Oil, Store of Value, Global Reserve Asset of the Digital Economy'. This report was created to help institutional investors understand ETH's role in the digital economy. Etherealize described ETH as a more productive store of value than gold and presented the Ethereum network as the payment infrastructure for future global finance.

According to the report, Ethereum's long-term target price is set at $250,000. This represents a surge of over 11,400% from current levels. In this scenario, Ethereum's market capitalization would approach gold's market value of $32 trillion from its current $256.78 billion. Etherealize suggested that such a milestone could be possible around 2045, but the actual timing could vary depending on the pace of mainstream adoption.

In the short-term outlook, cryptocurrency analyst Ted Pillows predicted that Ethereum could rebound to the $2,250 range. He analyzed that if the bullish trend continues, a breakthrough to $3,000 is possible. However, he warned that if Ethereum is rejected again before recovering its previous resistance level, a sharp correction towards $2,000 could open up.

Etherealize's long-term outlook is based on the perspective that Ethereum can expand beyond its status as a store of value asset like gold to become a global financial settlement infrastructure. While short-term price movements still carry volatility and resistance burdens, the report re-evaluated Ethereum's long-term growth logic from the perspective of institutional investors.

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