According to a new report by Etherealize, Ethereum (ETH) may reach a valuation of $740,000 per coin, giving it the status of a global macro asset.
Ethereum as Digital Gold and Oil
Ethereum (ETH) exhibits characteristics of a digital gold and can function similarly to digital oil, serving as 'fuel for computations' that can be stored and traded.
Potential of Ethereum as a Global Reserve
The report suggests that Ethereum could become a non-sovereign universal collateral, easily integrated into financial systems, possibly achieving a valuation of $90 trillion, leading to a price of $740,000 per ETH.
Other Cryptocurrencies on the Path to Macro Asset Status
As indicated in the report, Ethereum serves as the backbone of programmable finance, which enhances its potential as a macro asset in light of trends in the cryptocurrency market.
In line with the possibilities presented in the report, Ethereum (ETH) is well-positioned to achieve global macro asset status and significant value appreciation.
