Could Ethereum Hit $1 Trillion?

[247VCC]

While the cryptocurrency didn’t perform that well in 2019, Ethereum (ETH) is one of the best-performing digital assets of all time, rallying from an ICO price under a dollar to the $160 where it is today.

Related Reading: This Eerie Fractal Shows Why Bitcoin’s Price Could Soon Crash By 20%

Despite this jaw-dropping gain in and of itself, investors in the cryptocurrency believe it will go higher. So much higher than one analyst laid out a case for the cryptocurrency’s value to surge to $1 trillion, 13 digits.

For some perspective, a trillion-dollar Ethereum market capitalization at current price levels would equate to about a $9,000 ETH price, with the current supply in mind. The cryptocurrency reaching such lofty prices would require it to rally by over 5,000%. Crazy, right?

Could Ethereum Really Hit $1 Trillion?

In a January edition of the bankless newsletter published by Ethereum investor Ryan Sean Adams, a case for a 13-digit ETH market cap was laid out by Lucas Campbell of DeFi Rate.

The supporting evidence for this case was largely tied to economic bandwidth, specifically the idea that ETH (Ether) is “trustless economic bandwidth that can’t be replaced by any other asset on the Ethereum network.” In other words, the cryptocurrency is likely to be the reserve currency for the rest of the decentralized finance ecosystem.

Right now, DeFi protocols “consume 3% of ETH’s total economic bandwidth,” or 3% of the total supply in more layman’s terms.

 

[zionbar]

I bet these "experts" buy a ton of crypto and then go ahead and spread bs like "eth can get to a trillion" lol

lets see it gets to $200 before we're talking about $1,000,000,000,000,000,000 [do i have enough zeros here? rofl]

 

[247VCC]

I bet these "experts" buy a ton of crypto and then go ahead and spread bs like "eth can get to a trillion" lol

lets see it gets to $200 before we're talking about $1,000,000,000,000,000,000 [do i have enough zeros here? rofl]

 

[Nubian Content]

I bet these "experts" buy a ton of crypto and then go ahead and spread bs like "eth can get to a trillion" lol

lets see it gets to $200 before we're talking about $1,000,000,000,000,000,000 [do i have enough zeros here? rofl]

Was referring to market cap not actual face value.

 

[addictedtolearning]

I mean, what did it hit last bull run, 150 bil? If we have mass adoption only a handful of Crypto's will most likely survive, giving them market caps of hundreds of billions+. As a very over-simplified example, sure, I could see 5 cryptos all with a 1 trillion cap.

 

[bartosimpsonio]

This would mean a 60x market cap gain.

Crypto market cap would then be worth 14 trillion dollars. That's like 14x Apple Inc.

If it ever does reach that price then crypto will have become as household name as Apple, Amazon and other big corps.

 

[Ravzar]

Do people actually use crypto that often to buy things? I know people do occasionally. Maybe I will once a month and maybe that makes me a more frequent user. I have heard though of businesses offering bitcoin as payment and then no one really using it. Unless people are actually going to use this thing as a currency on a regular basis how will the price rise? What's the point in buying to hold. I have never heard of a business accepting ethereum as payment. There is no intrinsic value to it and unlike fiat currency I can't swipe my ethereum card at the supermarket and pay for things (which in my view is why the response to crypto having no intrinsic value of "neither does a 20 dollar bill" really fly. I just don't see how this price can rise under these conditions?

It would be different if all the young people were using crypto but go talk to young females aged say 14 - 25. How many have ever even looked into crypto? I doubt many.

 

[mrjoyblog]

Let's hope it manage ATH value, then think about others magical figure.

 

[hieu230592]

I'm x0.5 with ETH so I hope the price will bounce back to $300.

 

[addictedtolearning]

Do people actually use crypto that often to buy things? I know people do occasionally. Maybe I will once a month and maybe that makes me a more frequent user. I have heard though of businesses offering bitcoin as payment and then no one really using it. Unless people are actually going to use this thing as a currency on a regular basis how will the price rise? What's the point in buying to hold. I have never heard of a business accepting ethereum as payment. There is no intrinsic value to it and unlike fiat currency I can't swipe my ethereum card at the supermarket and pay for things (which in my view is why the response to crypto having no intrinsic value of "neither does a 20 dollar bill" really fly. I just don't see how this price can rise under these conditions?

It would be different if all the young people were using crypto but go talk to young females aged say 14 - 25. How many have ever even looked into crypto? I doubt many.

Ethereum won't be used as a consumer payment option. It will be a platform that many, many, many businesses run smart contracts through. This is where the ETH token derives its value; not as a form of currency.

 

[moneysenpai]

Maybe in a few years...