Ethereum To $10,000 (Not Clickbait)

Why Ethereum is going to $10,000 soon

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Ethereum will go to $10,000 in the next few years. The easiest way to describe Ethereum is to describe Amazon’s AWS. You may have heard of Amazon’s Web Services. AWS is what powers a lot of the business we use today. Because of Amazon and what’s it done with AWS, over 120 companies from the S&P500 use AWS. These are companies like Netflix, Twitch, LinkedIn, Facebook, the list goes on and on – billion dollar companies exist and run thanks to Amazon’s AWS. But here’s the catch, AWS, is privatized, and by using Amazon’s services, you are paying Amazon to host. Ethereum is AWS – except it’s not private like Amazon, instead, it’s a world computer that is distributed all around the world.

Relative to Bitcoin, Ethereum is much cheaper. Ethereum’s market cap is 5 times smaller than Bitcoin’s. If you go to blockchair.com/bitcoin you can see that in the last 24 hours we’ve had roughly 313,000 transactions on the Bitcoin network – Ethereum should be be proportionately smaller – but now let’s compare that to Ethereum. If you go to blockchair.com/ethereum – you can see 1.3 million transactions in the last 24 hours. That’s a difference of 4x increase from Bitcoin’s network. Why? There’s more activity and more velocity on Ethereum because it’s is actually being used a lot more than Bitcoin. In fact Bitcoin is seeing 2 transactions per second, in comparison to Ethereum’s 21 per second. Here’s why Ethereum is being adopted at a quicker rate.

Reason 1: DAOs: The D in DAO stands for decentralized which means for example a website that’s owned not by a single entity but it’s users – it is decentralized and it runs on the Ethereum blockchain. There’s websites like super rare and opensea, rarible – market places like an eBay, that are decentralized. The A in DAO stands for Autonomous which means it is self governing. That means ruled by code which was written when the entity was created, the code rules itself rather than run by board members like you would in a publicly traded company. And the O stands for Organization which means a website, could be a fleet of self driving cars, it could be a marketplace like eBay. Here some amazing DAO applications happening right now.

Reason 2: NFTs. Non fungible tokens. These tokens are not divisible and non fungible – they are unique. What gives them value is that they represent a digital scarce asset. Here’s an example, the highest NFT sale was over $777,777 for a complete collection by an artist named Beeple. Essentially people are buying jpegs / gifs so it may seem silly – but, what you can’t copy is the rights. Those rights are attached to you, they are on the blockchain – you own the token, therefore you own the rights.

Reason 3: DeFi. It’s the entire banking system as we know it turned on its head. Banking, loans, interest, anything to do with the banking industry which as of 2020 was worth roughly 6.2 trillion dollars is something that Ethereum is coming after. All DeFi it’s trying to solve, at the core, is to remove the middle man in traditional financial systems. Here’s a really good example of that, it’s something called Yield Farming. Staking (locking up money into a smart contract for a predetermined amount of time) into a mining pool to provide liquidity in exchange for interest essentially replacing market makers like Citadel.

Let’s be conservative and assume 10% market share for Ethereum. The banking sector is worth 6.2 trillion, art + collectibles are worth roughly 70 billion, and gaming is worth 180 billion. That’s roughly 6.5 trillion. That’s $650 additional billion added to the market cap, not counting gold’s market cap which Ethereum will capture 10% of just like Bitcoin has. That’s another trillion. Grand total is 1.65 trillion which is roughly an 8x increase from today, meaning the price will be between $6,000 – $16,000 from today’s levels in the next few years. That’s my conservative approach.

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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