VanEck predicts Ethereum (ETH) could reach approximately $22,000 by 2030, according to a detailed analysis published on June 5. The forecast, developed by VanEck’s Digital Assets Research team led by Matthew Sigel, underscores Ethereum’s potential growth in both traditional and crypto-focused investment portfolios.

VanEck attributes this optimistic price target to Ethereum’s expanding role as a robust, internet-native commercial system capable of disrupting traditional financial sectors and large technology platforms. The report highlights Ethereum's substantial user base and economic activity, citing approximately 20 million monthly active users, $4 trillion in annual settlement value, and $308 billion in digital assets managed on its network.

The valuation model used by VanEck estimates Ethereum’s market value could reach $2.2 trillion by 2030, based on projected free cash flows of $66 billion generated by the blockchain network. This calculation applies a valuation multiple of 33 times those cash flows, reflecting Ethereum’s potential to impact various sectors including finance, marketing, infrastructure, and AI.

VanEck views Ethereum as a revolutionary asset with unique attributes in the financial world outside of cryptocurrencies. It describes ETH as "digital oil" consumed in on-chain transactions, programmable money, and a yield-bearing commodity. The report also positions Ethereum as an internet reserve currency, essential for pricing activity and assets within its ecosystem and across connected blockchains.

While optimistic about Ethereum’s future, VanEck acknowledges investment risks such as volatility driven by speculative trading, potential regulatory changes that could affect Ethereum’s classification and operational requirements, and competition from emerging blockchain technologies like Solana.

Overall, VanEck’s analysis paints a bullish outlook for Ethereum’s role and value proposition in the coming decade, emphasizing its transformative potential across global industries and financial systems.