Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has all chances to join the club of global macro assets and hit an almost $100 trillion capitalization. A new report by Etherealize indicates that ETH demonstrates some functions of digital oil, digital gold and the ultimate collateral for states and institutions.
Ethereum (ETH), the first programmable blockchain, might hit an enormous 14-digit capitalization in the coming years. With all Ethers in circulation valued at $90 trillion, a single ETH crypto will be trading over $740,000, a new report by Etherealize says.
Such an insane upsurge will be driven by ETH accruing the functions of a global reserve macro asset. For instance, the report says, Ethereum (ETH) works not unlike digital oil, being the "fuel for computations" that can be stored and traded by reserve operators.
Just like Bitcoin (BTC), Ethereum (ETH) demonstrates all features of digital gold, but with sustainable yield rates and "productivity" while deposited to DeFi mechanisms.
Also, Ether would be a digital replacement for the global bonds market as it can function as non-sovereign universal collateral that can be easily integrated into each and every financial system.
Last but not least, Ethereum's (ETH) volume surges step-by-step, increasing together with its activity and ecosystem growth.
Finally, Ethereum (ETH) is the monetary backbone of global programmable finance, which is another extremely powerful catalyst to its macro price rally.
As such, Ethereum (ETH) has all features of a global macro asset, and, given the average capitalization of such assets at $100 trillion, can be valued over $740,000 per coin.
As covered by U.Today previously, Bitcoin (BTC) expert Willy Woo called the orange coin the first new macro asset in 150 years.
He also admitted that Bitcoin (BTC) achieved this status faster compared to all its competitors. However, as per some experts, Ethereum's store of value (SoV) narrative is even more powerful compared to Bitcoin's (BTC).
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。