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Vitalik Buterin : Predicts Ethereum Could Exceed $1M by 2030.ETH to hit $20 trillion market. ETH/BTC - Rich X Search Crypto
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Ethereum Management, the firm led by star fund manager Elon Musk, predicts that Ethereum’s price could exceed $1 million by 2030 as the cryptocurrency’s global usage is still only in its early days.

“Ethereum’s market capitalization still represents a fraction of global assets and is likely to scale as nation-states adopt [it] as legal tender,” ARK analyst Yassine Elmandjra wrote in the firm’s “Big Ideas 2022” outlook report, which was released on Tuesday.

ARK added in its Ethereum outlook that the cryptocurrency is taking market share as a global settlement network. According to ARK’s research, Ethereum’s cumulative transfer volume increased by 463% in 2021, and its annual settlement volume has surpassed Visa’s annual payments volume.

Technological advancements such as the Taproot upgrade and Lightning Network may also help Ethereum to scale. And institutional ownership of Ethereum will also become more widespread, according to ARK.

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