How Much Ethereum Do You Need to Be Rich by 2030?
Chasing Millionaire Status in the Web3.0 Era
How to Get Rich with Investing (without Getting Lucky)
In the recent rally of cryptocurrencies, Bitcoin surged to a Year-To-Date High of $37,000, with Ethereum closely following suit post the Shapella upgrade.
Ethereum, often hailed as the ‘world computer,’ transcends the conventional role of digital currencies.
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Its allure lies not merely in its value as a coin but in the vast ecosystem it nurtures — a realm of smart contracts, decentralized finance (DeFi), and the promises of Ethereum 2.0., but the burning question arises:
How much ETH is the key to unlocking this elusive financial milestone?
Cryptocurrency Valuation Models
In the turbulent world of Web3.0, traditional finance (TradFi) valuation models struggled to map out the trajectory of assets.
The bull market witnessed the rise and fall of projects, with many failing to fulfill their potential.
Yet, amidst the chaos, Bitcoin and Ethereum persevered, growing exponentially over cycles.
The question now arises: can we use valuation models to guide our journey to financial prosperity?
If Bitcoin Hits $1M, Where Will ETH Be?
Predicting Ethereum’s future involves contemplating Bitcoin’s trajectory, especially considering the upcoming two halving cycles until 2030.
With a potential reduction in Bitcoin’s supply and a projected $1 million price, what can we anticipate for Ethereum?
Calculations suggest an $87,706 ETH price if it achieves half of Bitcoin’s market capitalization, translating to 41x from current prices.
To be a millionaire by 2030, one might need to hold 11.4 ETH!
A More Technical Breakdown
- Worst Case Scenario: $25,606
- Conservative Model: $34,406
- Aggressive Model: $55,199
These models hinge on Bitcoin surpassing gold’s market capitalization, with Ethereum capturing a percentage of it.
To become a millionaire by 2030, these models suggest holding:
- Worst case scenario: 39 ETH or $82,000 at current prices
- Conservative Model: 29 ETH or $61,355 at current prices
- Aggressive Model: 18 ETH or $38,243 at current prices
Personal Prediction: Navigating ETH’s Future Trajectory
Ethereum emerges as a significant player in the journey to millionaire status.
The successful Shapella upgrade, EIP-1559, and the rise of Layer 2s position ETH as a formidable asset.
While uncertainties linger, the belief in Web3.0 surviving till 2030 suggests that Ethereum, along with Bitcoin, could potentially achieve life-changing 10x gains.
The path to financial prosperity in the crypto cosmos may be unpredictable, but for those who dare to dream, the rewards could be transformative.
Sincerely,
The Pareto Investor