Eric Jackson, founder of EMJ Capital, has shared predictions about Ether's price potential, claiming it could reach record levels.
EMJ Capital Analysis
Eric Jackson pointed out that based on his firm's analysis, the current price of Ether could be undervalued. He states that in the coming years, we could witness significant growth, particularly given the recent approval of Ether ETFs in the United States.
Impact of Staking Approval
Jackson also believes that the approval of ETFs featuring staking is a key growth factor. He emphasizes that many investors mistakenly think prices have already factored in this event, but the real catalysts lie ahead. He expects that staking-enabled ETFs will be approved before October, which will enhance the liquidity of Ether assets.
Long-Term Prospects for ETH
Jackson’s base case estimates that Ether will reach $10,000 by the end of this cycle, with the potential to hit $15,000 if the growing interest in staking and Ethereum usage exceeds expectations. He also mentioned that if companies like Circle and Coinbase that utilize Ethereum continue to grow, it could lead to significantly higher prices in the long term.
Eric Jackson's forecasts highlight the significant potential of Ether as an investment asset, influenced by both internal and external market factors.
