Eric Jackson, the mind behind EMJ Capital, suggests Ethereum
In a Twitter (now X) thread from July 13, Jackson articulated his reasoning for believing Ethereum is poised for substantial growth, potentially reaching a value of $1.5 million per ETH.
Jackson’s outlook hinges significantly on the advancement of Ethereum exchange-traded funds (ETFs). While spot ETH ETFs are now available in the United States, their trading volume has thus far been relatively modest, totaling around $1.41 billion.
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Jackson anticipates regulatory approval for staking within these ETFs before October. This would enable investors to generate income by holding ETH within those investment vehicles.
He also emphasized that companies like Coinbase
$3.65B
, Circle, Shopify, and Robinhood are already incorporating Ethereum’s technology. He argues that the growth of these companies, coupled with increased adoption of cryptocurrency over traditional currencies, would further enhance the Ethereum network’s value.
Jackson presented three potential price scenarios for ETH. His “base case” scenario forecasts a $10,000 valuation by the end of the current market cycle, which he believes will likely conclude around March 2026.
A more optimistic “bull case” scenario envisions ETH reaching $15,000, contingent on the speed of adoption of Ethereum’s layer 2 scaling solutions and a smooth staking approval process.
Regarding the long-term $1.5 million target, Jackson emphasizes that its achievement relies on widespread corporate utilization, the development of more Ethereum-based financial instruments, and continued expansion of crypto-based payment systems. If these factors converge, he characterizes it as a potentially transformative investment opportunity.
Markus Thielen recently shared his perspective on Bitcoin’s increasing value. To learn more, read the complete article.
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