Bitmin, the largest company holder in Ethereum (ETH), estimates that the fair value of the asset could reach $ 60,000, well above its current market price of around $ 3,800.
In an article on July 28 on X, Bitmin also noted that some long -term models place the potential value of the ETH at more than $ 700,000.
(Publisher’s note: $ 700,000, Ethereum’s market capitalization would be $ 84 billions. In comparison, if Bitcoin reaches $ 1 million, its market capitalization would be around 20 dollars. The Gold market capitalization is currently around 15 dollars.)
Why would ETH increase
The company revealed that this estimate was derived after consulting several research companies to assess the “replacement value” of Ethereum, the theoretical cost of reconstruction or replacement of the utility that ETH provides.
Bitmin claims that this value reflects the growing institutional recognition of Ethereum as a major macro rat for the next decade.
The company also argued that the rapid expansion of the stablecoins could mark a turning point for the adoption of Ethereum, comparing their ascent at the time of the Chatgpt breakthrough created for artificial intelligence.
Bitmine also cited the projection of the American trade secretary Scott Bessent according to which the Stablescoin market could exceed 4 dollars, more than ten times its current size, as a strong signal of the long -term potential of Ethereum.
With more than 60% of the stablecoins published on Ethereum and Wall Street exploring more and more tokenized assets, the network is positioned as the backbone of future digital finance.
Bitmine Ethereum Plan
Given this, Bitmin said that he does not only buy ETH but also to build an ecosystem around digital assets.
According to the company, he intends to become Ethereum which strategy (formerly Microstrategy) is Bitcoin by acquiring 5% of his food in circulation.
Bitmin pointed out that he was on the path of the realization of this stage, because his exposure to the ETH reached $ 2.7 billion in the 18 days, which is well in advance on the time he took the microstrate to reach this level of exposure to Bitcoin.
Meanwhile, the company has also developed its Ethereum cash strategy as a form of infrastructure rather than simply holding a financial asset.
According to Bitmin, the staging of ETH secures the network, generates a yield and aligns companies on the long -term success of Ethereum. In addition, as Wall Street approaches chain finance, Bitmine considers ETH not only as a speculative game but as a fundamental layer for future institutional systems.
To achieve its objective, the company plans to develop a network of validators based in the United States, to contribute to Ethereum governance and to invest in chain projects that strengthen the network.
The Ethereum accumulation of the company has already made waves on the traditional markets. According to Google Finance Data, Bitmine (BMNR) actions increased from $ 4.26 in June to a peak of $ 107.48 on July 7. It is now negotiated about $ 35.11. Its transparent active value by action also increased from $ 4 on July 8 to $ 23 on July 27, a leap of six times in less than three weeks.
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