Predicted Soaring of Ethereum to $706,000 - Latest Research Suggests Staggering Hike for ETH
In a groundbreaking report titled "The Bull Case for ETH," published in June 2025, a team of 21 contributors, including core researcher Danny Ryan, Bankless co-founder Ryan Sean Adams, and investor Vivek Raman, have presented a bold prediction for Ethereum (ETH) - a fully diluted market capitalization of approximately $85 trillion, implying a long-run price near $706,000 per coin [1].
The report re-frames ETH as a yield-bearing, deflationary reserve asset that fuels and secures the emerging on-chain economy, likening it to "digital oil" [1]. Ethereum's multipronged utility as a fuel, store of value, collateral, and yield is seen as potentially surpassing Bitcoin's upside.
The authors argue that the global financial system is undergoing a fundamental shift as assets become digitized and move on-chain. Within this transformation, Ethereum is viewed as the foundational platform due to its deep developer community and unparalleled reliability, positioning it as a core infrastructure asset in the future digital economy [1].
Despite the technical upgrades Ethereum has completed (e.g., transitioning to Proof-of-Stake) and its dominance in tokenized assets and stable-coin settlements, ETH is still considered undervalued relative to this long-term vision. The report claims ETH remains significantly mispriced compared to its potential and 2021 peak, which sets the stage for substantial upside [1].
Institutional adoption is expected to drive market capitalization vastly higher over time, as ETH becomes a core holding for institutional digital-asset portfolios as its role in decentralized finance (DeFi), NFTs, and other on-chain applications deepens [1].
Contributing factors to the $85 trillion valuation include Ethereum's network effect and developer ecosystem, deflationary supply dynamics, role as collateral and fuel, growth of tokenized assets and DeFi on Ethereum, and the shift towards digital assets in global finance [1].
While more conventional price prediction models based on fixed growth rates forecast ETH prices in the range of a few thousand dollars over the next few years, the $85 trillion market cap is seen as a highly bullish, long-term vision rather than a near-term expectation [3].
At the time of press, ETH was trading at $2,564, significantly below the predicted long-term price, providing an intriguing investment opportunity for those who share the authors' vision for Ethereum's future as a transformative force in the digital economy.
[1] The Bull Case for ETH, June 2025. [3] CoinDesk, "Ethereum Price Prediction 2025-2030: Will ETH Reach $10,000?", 2022.
- The report, "The Bull Case for ETH," published in June 2025, structures Ethereum (ETH) as a yield-bearing, deflationary reserve asset in the emerging on-chain economy, positioning it as a potential successor to Bitcoin in the global finance sector, particularly due to its deep developer community and unparalleled reliability.
- The authors of "The Bull Case for ETH" argue that the shift towards digitized assets and the role of Ethereum as a core infrastructure asset in the future digital economy will drive ETH's market capitalization vastly higher over time, making it a lucrative investment opportunity for those anticipating Ethereum's transformative role in the digital economy.
