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WHY $ETH COULD 1,000X Ex-BlackRock exec with 20 years inside the institution machine says Ethereum is being underestimated like Amazon was. People thought Bezos was building a bookstore, he was rebuilding commerce. The price lagged, then 1,000x'd. Same mistake people may be making with $ETH. The scoreboard: - 50%+... show more
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![Being bullish on stablecoin and RWA growth is the basis for Tom Dunleavy's ETH price target of $20k - $50k 😎 It all starts with a conservative assumption Ethereum itself will reach at least $750T to $1T of assets onchain. This is peanuts compared to how many tens of trillions in TradFi will be tokenized and inevitably issued on Ethereum. "Yeah, it sounds crazy these numbers when you throw them out there... like VanEck and Standard Chartered, and then Thomas (Tom) Lee (not drummer) FundstratDirect.com have all these [ETH] price forecasts that are $20k, $30k, $50k... You're like, how do they get to these numbers? And if you just use the model that I said, you take the aggregate amount of assets on the chain today, and you apply a framework, whether it be one third or half of the consensus you need to hold to actually disrupt the native chain itself, and then you could apply some level of let's call it premium... and that's been between like 1x-5x what the the actual book value of the the chain itself is holding, you get to some pretty crazy numbers. So in $750T to $1T of net assets on Ethereum itself, you get to a price target per ETH of $20k - $50k..." Listen to the full The Edge Podcast on Spotify:](https://image.24vids.com/tw-2074228306279317567/amplify_video_thumb/2074227455976443904/img/eTH4JpdBQPAmF1wk.jpg)
![.Justin Drake: "I don't see how ETH could not flip BTC" Justin is asked: What's Ethereum? Is it a settlement layer? A world computer? Monetary network? He responds: "For me, this hasn't changed for many years. Ethereum is the Internet of Value." "In order to be successful as the Internet of Value you need very good money at the center of it because that will be the substrate -- the economic bandwidth -- that will allow you to build a lot of services (e.g. loans, stablecoins)." "In some sense, the success of the platform and the success of the money are tied at the hip. This is why I think those who are pushing for ETH as money are really helping the platform and vice versa -- those who are helping the platform are helping with ETH the money." "One of my theses is that we'll have winner-takes-most platforms. There's only one Internet. There's only going to be one Internet of Value that captures 90-99% of all economic activity. And just for weird, path-dependent reasons, we have Bitcoin that is the largest money right now. But I think this is a highly-unstable equilibrium for multiple reasons. And I think the best candidate to win the Internet of Value is by far Ethereum." Fede’s intern 🥊 adds to this point, "I was never convinced there was a chance of [Ethereum flipping Bitcoin] to be honest. But I'm getting convinced there's a high probability -- you [Justin] have played a part in convincing me because of the issuance (declining block subsidy) and now the post-quantum. I do think there's a high chance that ETH becomes the dominant economic substrate in the long-term. I don't see how proof-of-work could work long-term." Justin echoes this: "Unless there's some catastrophic failure of Ethereum, I don't see how Ethereum could not flip Bitcoin." Source: Blockspace Forum Read our thesis on why ETH is better money than BTC below 👇](https://image.24vids.com/tw-2047676992657428666/amplify_video_thumb/2047674038235840512/img/qbkjs73Tze4rvA4Q.jpg)
![[Ansem 🐂🀄️ just broke down why he started going all in on Solana back in early 2021] “if there’s another L1 that can do what Ethereum is doing but cheaper & faster, that’s a pretty simple thesis.” “it seemed like a pretty good hedge against ETH.” “it doesn’t make sense that they have the second most active users, one of the most active developer communities… and it’s trading at like 5% of Ethereum’s market cap.” “eventually this is gonna get repriced higher.” What stood out is how simple his thesis actually was. Ethereum had already proven demand for smart contracts. If another L1 could deliver the same experience, but faster, cheaper, and still attract builders, that was an asymmetric bet worth taking. After spending 4+ years watching the ecosystem evolve through DeFi Summer, the NFT boom, congestion issues, FTX, and the recovery, his core thesis hasn’t really changed. The fundamentals have. - the network is far more stable after years of upgrades - the builder ecosystem keeps expanding - user activity stays among the highest in crypto - consumer apps, DeFi, and AI are all growing on the same chain His point is that the market spent years pricing Solana based on old narratives like outages and FTX, while ignoring how much the network has improved underneath. That’s why he believes a repricing is inevitable. The fundamentals have finally caught up to where the valuation should’ve been all along.](https://image.24vids.com/tw-2075803044323918334/amplify_video_thumb/2075802674575134721/img/aEeF6iYJfT4MKVb9.jpg)