Everyone loves to say #Ethereum can’t cross $10K, let alone $20K — but here’s why that thinking might be short-sighted.

Yes, the basic price formula is simple:

Market Cap ÷ Circulating Supply = Current Price

That’s how we get the current ~$1,828 price, with a market cap of $220.77B and a circulating supply of 120.73M ETH.

Now, let’s say ETH hits a $1 trillion market cap. Simple math gives us a price of $8,285 — great, but not $20K… yet.

But here’s where the story changes.

#ETH is now deflationary, especially after EIP-1559. A portion of ETH is burned with every transaction, reducing total supply over time. If supply drops below 100M over the years, that same $1T cap gives us $10,000+ ETH easily.

Ethereum powers DeFi, NFTs, stablecoins, rollups, and now even institutional-grade staking. Its ecosystem is like AWS for crypto — and that gives it multiplicative value, not linear.

As real-world assets (RWAs), tokenized securities, and government-grade infrastructure move on-chain, Ethereum becomes the settlement layer of the future. If the entire world uses ETH as infrastructure, a $2T or even $3T market cap is not unthinkable in the long term.

So yes, based on basic math, $ETH at $20K sounds far.

But when you factor in deflation, expanding utility, shrinking supply, and network effects, $20,000 ETH becomes a matter of time, not imagination.