Ethereum's new milestone: Van Eyck predicts ETH price will surge to $22,000

VanEck predicts Ethereum will reach $22,000 by 2030, driven by significant growth in digital finance, artificial intelligence, and blockchain applications.
According to a recent report from the American investment management firm, Ethereum’s roles in finance, artificial intelligence, and marketing put it on track to reach a potential $15 trillion total addressable market (TAM) by 2030.
The prediction comes as the recent approval of a spot Ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) has increased investor interest. VanEck based this optimistic forecast on an estimate that Ethereum will generate $66 billion in free cash flow by 2030 and applied a 33x valuation multiple.
In addition to ETF inflows, the next U.S. non-farm payrolls report on June 7 could have an impact on Ethereum’s price action in June 2024. At press time, Ethereum’s price is quoted at $3,843, having grown by 0.721tpt3t in the past 24 hours.
Ethereum’s Dominance in the Digital Economy
Ethereum has become the dominant digital economy, with 20 million monthly active users. In the past year, it completed $4 trillion in transactions and $5.5 trillion in stablecoin transfers. Ethereum controls approximately $91.2 billion in stablecoins, $6.7 billion in off-chain assets, and $308 billion in virtual currencies.
source
Artemis
VanEck’s analysis focuses on Ethereum’s potential in finance, banking, marketing, infrastructure and artificial intelligence. The predicted $15 trillion TAM spans a wide range of industries. Ethereum’s platform is likely to generate significant revenue, with an estimated penetration rate of 7.5% in the banking industry, 20% in the marketing industry, 10% in the infrastructure industry, and 5% in the artificial intelligence industry.
Unique value proposition and revenue growth
According to VanEck, Ethereum’s unique value proposition as “digital oil,” “programmable money,” “yield-generating commodity,” and “reserve currency of the internet” underpins its growth potential.
The blockchain’s revenue has surged, reaching $3.4 billion over the past year. These revenues go to Ethereum holders and permanently remove 0.4% from the supply through Ethereum buybacks and destruction.
Furthermore, Ethereum’s user base and revenue growth outpaced traditional Web2 applications such as Etsy and Roblox. On average, each Ethereum user brings in $172 in revenue per year, which is comparable to Apple Music and Netflix. This economic activity drives demand for Ethereum, benefiting all holders.
Ethereum's competitive advantage lies in its lower cost structure. Apple and Google extract about 30% from app revenue, while Ethereum's revenue share is about 24%, and it is expected that this ratio will drop to 5-10% as the second layer technology is adopted. This efficiency could attract more businesses and users to the platform.
VanEck also believes that Ethereum plays a vital role in AI applications, providing the necessary infrastructure for AI agents. By 2030, the AI industry could generate $1.2 billion in revenue for Ethereum holders. With the financial sector dominating, second-layer solutions are expected to improve scalability and drive future growth.
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