We've raised our 2030 ETH price target to $22K, influenced by ether ETF news, scaling progress, and our read of onchain data. Additionally, we've analyzed how ETH and BTC perform in both traditional and crypto-only portfolios for optimal returns. @Matthew_Sigel @Patrick_Bush_VE
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Investments in digital assets are subject to significant risk and are not suitable for all investors. Digital asset prices are highly volatile, and the value of digital assets, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment.
The information, valuation scenarios and price targets presented on any digital assets in are not intended as financial advice, a recommendation to buy or sell these digital assets, or any call to action. There may be risks or other factors not accounted for in these scenarios that may impede the performance these digital assets; their actual future performance is unknown, and may differ significantly from any valuation scenarios or projections/forecasts herein. Any projections, forecasts or forward-looking statements included herein are the results of a simulation based on our research, are valid as of the date of this communication and subject to change without notice, and are for illustrative purposes only. Please conduct your own research and draw your own conclusions.
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Prediction #1. The US recession will finally arrive, but so will the first spot #Bitcoin ETFs. Over $2.4B may flow into these ETFs in Q1 2024 to support Bitcoin’s price.
Prediction #2: The 4th #Bitcoin halving in 2024 will see minimal market disruption and a post-halving rise in Bitcoin's price, with significant gains for some low-cost miners.
Prediction #3: #Bitcoin will make an all-time high in Q4 2024, potentially spurred by political events and regulatory shifts following a US presidential election.
PLEASE NOTE: Fund effective as of September 29, 2023. The Fund is not yet available for trading and there is no assurance that the Fund will commence trading.
1/ Our upcoming VanEck Ethereum Strategy ETF (EFUT) launch is simply a reflection of your imagination and dedication, as well as our hope for Ethereum’s mainstream adoption in the future.
VanEck 🤝 2023 Crypto Outlook: Our Top 11 Predictions🧵
1. #Bitcoin will test $10-12K in Q1 amid a wave of miner bankruptcies, which will mark the low point of the #cryptowinter. ❄️
2. In the second half of 2023, #Bitcoin will rise to $30K. Lower inflation, easing energy concerns, a possible truce in Ukraine, and a turnaround in M2 supply will power the start of a new bull market. 🐂📈
3. Financial institutions will tokenize more than $10B in off-chain assets on #blockchain. ⛓🏦