Does Ethereum have a future?
We now expect ETH network revenues to rise from an annual rate of $2.6 billion to $51 billion by 2030. Assuming that ETH will capture 70% of the smart contract protocols market, this means that the token price will reach $11.8 thousand by 2030, which we discount to $5.3 thousand today at a 12% cost of capital derived from the latest trial version of