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Crypto’s 2023 “Health Check” | Vance Spencer
Forward Guidance
How Much Free Cash Flow Does ETH Generate?
This year, Ethereum will do probably about one and a half to two billion in revenue. It fluctuates based on the spend of ETH per day. Some days when NFTs drop or games launch you're going to see it like four or five or 6,000 ETH spent at 1.2K per ETH. And so it's pretty volatile, but it's trading at around 150 to 200 PE on a general basis. But the promise of Ether is that it has access to this new market of becoming money.
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