Bankless ETH to $50k by 2030?! VanEck's Bull Case
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May 25, 2023 
Matthew Sigel, Head of Digital Assets Research at VanEck, and Patrick Bush, an Analyst specializing in crypto financial modeling, dive into a bold forecast for Ethereum's price, potentially reaching $50,000 by 2030. They discuss factors influencing Ethereum's growth, including recent upgrades that boost staking confidence. The duo analyzes Ethereum's revenue potential across sectors like finance and the metaverse while comparing it to traditional assets. They also explore the dynamics of Layer 2 solutions and the overall crypto market landscape.
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VanEck's Gold Success
- VanEck's founder successfully pivoted to gold stocks in the 1970s after they were legalized.
- This contrarian move made his fund the best performing in the country throughout the entire decade.
VanEck's Crypto Thesis
- VanEck invests in crypto seeking alternative stores of value with hard money characteristics.
- The ability to withdraw staked ETH post-Chapella upgrade increased their conviction and staking.
Crypto's Importance
- Patrick Bush believes that understanding crypto is key to controlling the future of finance.
- He sees ETH as having both high beta stock-like qualities and a monetary premium.