Investment strategist Tom Lee's analytics firm Fundstrat Global Advisors has included Ethereum in its "Mag7 & Bitcoin" strategy and calls the cryptocurrency the biggest bet for the next 10-15 years. Fundstrat estimates that Ethereum could rise to $10,000 or even more by the end of the year.

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Ethereum's price could reach $10,000 by the end of the year, and could rise to $12,000-15,000 if conditions are favorable, Fundstrat's head of digital assets Sean Farrell predicts. The investment firm has added the second most capitalized cryptocurrency to its "Mag7 & Bitcoin" investment strategy, calling Ethereum the "biggest macro bet" for the next 10-15 years.

"The main driver of growth is Wall Street's shift to blockchain, which has been accelerated by the recently passed GENIUS Act (it regulates the issuance and provision of stablecoins - Oninvest) and the Project Crypto initiative (it is supposed to modernize market regulation rules with blockchain technology in mind). Most of Wall Street's steiblcoins and blockchain projects are built on Ethereum," Seeking Alpha quoted Fundstrat founder Tom Lee as saying.

The Project Crypto initiative was introduced in late July by SEC Chairman Paul Atkins. He said that he instructed his staff to prepare "simple and clear rules" for the distribution, storage and trading of crypto-assets. This implies the integration of crypto-instruments and tokenization of traditional assets in the U.S. financial system, Reuters explains.

Ethereum rose to a four-year high of $4729 on Wednesday. Since the beginning of the year, the price of these tokens has risen by almost 40%, outpacing bitcoin, which has only strengthened by 27.7%.

Who else believes in Ethereum's growth

Standard Chartered has also significantly raised its price forecast for Ethereum, expecting it to surpass the 2021 high of $4866 this quarter. The new target for the end of 2025, set by Standard Chartered analysts, is now $7,500 - against the previous estimate of $4,000. In 2026, the bank expects a price of $12,000, in 2027 - $18,000, and in 2028-2029 the token will rise to $25,000, according to analysts, whose opinion is cited by Seeking Alpha.

Demand for Ethereum is on the rise

Despite bullish valuations, Bank of America's latest survey of fund managers found that only 9% own cryptocurrencies, compared to 48% for gold. "We're still in the very early stages," Lee commented.

He added that investors who want exposure to Ethereum without having to own the token can invest in spot exchange-traded funds (ETFs) on Ethereum or companies with treasury reserves in the cryptocurrency - analogous to MicroStrategy's strategy with bitcoin. The largest such companies are: BitMine, Sharplink Gaming and Ethermachine. BitMine, which already holds more than 1.15 million Ethereum tokens, said this week that it plans to issue $20 billion worth of additional shares, with the proceeds used to buy more. That was also a driver of the rally.

On Monday, August 11, ETFs tracking the price of Ethereum recorded the largest net inflows of all time, totaling $1.01 billion, Cointelegraph reported. Bitcoin ETFs received $178 million on the same day.

Ethereum volumes on exchanges hit a nine-year low on August 7, falling to 15.28 million tokens, according to Glassnode. This is the lowest since November 2016. Investors withdrawing their crypto assets from exchanges is generally considered a bullish signal, meaning they may be moving them to long-term storage, Cointelegraph explains.

Token Terminal, a platform that monitors transactions and data recorded on the blockchain, noted on Monday that the amount of assets placed in staking on the Ethereum network (a type of investment that helps keep the blockchain running and generates revenue for token holders) has surpassed the $150 billion mark for the first time.


This article was AI-translated and verified by a human editor

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