Etherealize recently updated its long-term price forecast for Ethereum, setting the target price at $250,000, a downward revision from the previous prediction of $740,000. Vivek Raman, co-founder of the institution, pointed out that if Ethereum can capture the same store-of-value premium as Bitcoin and gold (totaling approximately $31 trillion), with the current circulating supply of about 121 million coins, its implied price would exceed $250,000.
The report suggests that Ethereum holds a unique position in monetary history, serving both as a store of value and as a productive asset that generates yield through its Proof-of-Stake consensus mechanism. This breaks the historical trade-off between "safe money" and "productive investment."
The report further emphasizes that Ethereum has become the dominant settlement layer for tokenized assets, stablecoins, and decentralized finance. By burning a portion of transaction fees, the network limits its annual supply growth rate to around 1.5%, and with increasing usage, it could even become deflationary in the future.