Ethereum's Ether Could Surge 100-Fold With ETF Approval

EMJ Capital founder Eric Jackson has made a bold prediction about the future value of Ethereum's native cryptocurrency, Ether. According to Jackson, Ether could potentially reach $1.5 million per token over time, marking a more than 100-fold increase from its current price. This optimistic outlook is based on the approval of Ether staking exchange-traded funds (ETFs), which Jackson believes could trigger a significant rally in the cryptocurrency market. The approval of these ETFs would allow investors to gain exposure to Ether's staking rewards, potentially driving up demand and prices. Jackson's prediction is not without precedent, as Ether has experienced substantial price increases in the past, driven by factors such as increased adoption, technological advancements, and regulatory developments. However, it is important to note that Jackson's prediction is based on his personal analysis and should not be taken as a guarantee of future performance. The cryptocurrency market is notoriously volatile, and prices can fluctuate rapidly in response to a wide range of factors. Investors should conduct their own research and consider their risk tolerance before making any investment decisions.

Jackson's analysis suggests that the Ethereum network is currently underpriced and is quietly becoming the dominant system for transacting in crypto with deflationary economics. He believes that the potential approval of Ether ETFs that feature staking in the US and the use of the blockchain by large financial companies could be catalysts for a significant price increase. According to Jackson, the real catalyst for Ether's price surge is the expected approval of staking ETFs before October. Once approved, Ether would become a productive, staked asset within an ETF wrapper, transforming it from 'digital oil' into an institutional-grade yield product. This would compound Ether's already deflationary tokenomics as the cryptocurrency's circulating supply would be reduced with flows from traditional finance and increased staking demand.

Jackson also highlighted that major companies such as Circle Internet Group, Coinbase, Shopify, and Robinhood all use or grant their users access to the Ethereum network. If traders believe in the continued growth of these firms and that some part of commerce stays in crypto and moves away from fiat, then they would believe in Ether. Jackson stated that if this conversion to Ether commerce truly happens, then Ether could rise to $1.5 million over time. He also noted that his and his company’s “base case” for Ether would see the token hit $10,000 by the end of this cycle, which is typically thought of in four-year blocks and puts the current bull run as ending in March 2026. His firm’s “bull case” would see Ether hit $15,000, on the condition that adoption of layer 2 blockchains and ETH inflows “beat expectations on the new staking approval expected before October. Jackson's prediction doesn’t assume there will be any breakouts in decentralized finance, stablecoins, or higher use of Robinhood and Coinbase’s layer 2 networks, adding that the addition of those factors would make ETH “a 100-bagger.”