Etherealize has set ETH's long-term price target at $250,000

BlockBeats News, April 22nd, Etherealize, the institutional marketing and product arm of the Ethereum ecosystem, has set ETH's long-term price target at $250,000, believing that the token represents a unique asset in monetary history. Etherealize's report did not provide a target date for its price prediction. This pricing target is much lower than Etherealize's previous target of $740,000 per token, which was put forward in the company's first public statement last year.

Etherealize's core argument is that ETH is both a store of value like Bitcoin and gold and a productive asset capable of generating returns, as the Ethereum blockchain pays for its network security through a proof-of-stake consensus mechanism. Currently, the total currency premium of gold and Bitcoin is approximately $31 trillion. If Ethereum could also achieve a similar premium, then with the current circulating supply of 121 million ETH, its implied price would exceed $250,000.