Global commercial banks are on track to report -->>> $2.71T in revenue this year
Ethereum is perfectly positioned to capture that🚨🚨
#ethereum #earnings #price
Why is it important?👇👇
Ethereum is perfectly positioned to capture that🚨🚨
#ethereum #earnings #price
Why is it important?👇👇
Let's take a scenario:
🔸ETH has generated over $5.5B worth of fees over the past year.
🔸The next closest competitors are Binance Chain ($550M) followed by Bitcoin ($152M).
🔸ETH has generated over $5.5B worth of fees over the past year.
🔸The next closest competitors are Binance Chain ($550M) followed by Bitcoin ($152M).
Hypothetically,
🔸If Ethereum were to capture just 2% of global banking revenue i.e
$54 Billion
🔸ETH would be worth >4x its current valuation even if it traded at a conservative 11x earnings
🔸If Ethereum were to capture just 2% of global banking revenue i.e
$54 Billion
🔸ETH would be worth >4x its current valuation even if it traded at a conservative 11x earnings
Admittedly,
🔸ETH trades at a significant premium compared to the amount of fees it generates today.
Using the above example —
🔸Today P/S ratio - 80-90x
🔸Implied ratio - 3-4x (This would be as per industry standards)
And more in line with investment POV
🔸ETH trades at a significant premium compared to the amount of fees it generates today.
Using the above example —
🔸Today P/S ratio - 80-90x
🔸Implied ratio - 3-4x (This would be as per industry standards)
And more in line with investment POV
• • •
Missing some Tweet in this thread? You can try to
force a refresh
