Bernstein analysts believe $ETH is undervalued
Institutionalization, stablecoins and tokenization are at the heart of financial innovation on public blockchains like Ethereum.
“Bitcoin is great, we love it and remain confident of reaching the $200,000 level. This is our conservative but reasonable target for the current cycle,” the analysts said.
However, investor interest is gradually moving beyond simply preserving value. According to experts, many market participants are starting to see “early signs of the financial innovation that blockchain is unlocking.”
“Some still separate 'useful blockchain' and 'useless cryptocurrency', but Ethereum deserves recognition,” they stressed.
Ethereum's uniqueness lies in its role as a decentralized computer, the experts explained. Stablecoins and tokenization are natural use cases for the second most capitalized cryptocurrency, they said.