Ethereum Is The ‘Biggest Macro Trade' For Next 10-15 Years: Fundstrat
'ETH is arguably the biggest macro trade for the next 10 to 15 years as AI creates a token economy on the blockchain and as Wall Street financializes on the blockchain,' said Fundstrat Capital chief information officer Thomas Lee on Wednesday.
Head of digital asset research for Fundstrat, Sean Farrell, said ETH could go as high as $12,000 to $15,000 by year-end, 'so there is still plenty of upside.'
Lee was echoing his comments in a company research bulletin on Wednesday, where he explained that the Wall Street push will be spurred by the GENIUS Act stablecoin regulations and by the US Securities and Exchange Commission's 'Project Crypto,' which aims to modernize the agency for the digital finance age.
Lee said the majority of stablecoins and Wall Street projects are being built on Ether.
The Ethereum network currently has a commanding 55% market share of the $25 billion real-world asset (RWA) tokenization sector, according to RWA.xyz.
ETH has skyrocketed 60% over the past 30 days, hitting a four-year high of $4,770, just 2.5% away from its 2021 peak, during early trading on Thursday.
'Ethereum is outperforming Bitcoin YTD, gaining +28% vs +18% for Bitcoin,' Lee pointed out.
The world's largest Ethereum treasury company, BitMine Immersion Technologies, has targeted a huge $20 billion raise to increase its treasury.
Related: Pantera bets $300M on crypto treasury companies, says gains may outpace ETFs
The firm has aggressively accumulated 1.2 million ETH since the beginning of July, and its treasury is now worth almost $5.5 billion. Meanwhile, company stock (BMNR) has skyrocketed 1,300% over the same period.
In a note seen by Cointelegraph, BTC Markets' crypto analyst, Rachael Lucas, said these positions are strategic and long-term, 'taking substantial liquidity out of the market.'
'When you combine record ETF inflows with corporate and sovereign balance sheet allocations, the result is deep structural demand meeting finite supply,' she said, adding:
'That's a recipe for sustained upward pressure on prices, and a sign that digital assets are firmly embedded in global capital markets.'
In July, BitMine suggested the implied value of Ether could be as high as $60,000.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Insider
5 hours ago
- Gulf Insider
Norway's Sovereign Wealth Fund Ups Its Indirect Exposure To Bitcoin
Norway's sovereign wealth fund, the largest state-directed wealth fund in the world, increased its indirect Bitcoin exposure by 192% over the last year, according to crypto research company K33 Research. The fund has indirect exposure to 7,161 BTC through its investment portfolio, which includes treasury companies Strategy and Metaplanet and crypto exchange Coinbase. Norway's sovereign wealth fund continues to increase its Bitcoin and crypto exposure. Source: Vetle Lunde The fund currently holds over 11.9 billion Norwegian krone ($1.2 billion) of Strategy's stock, a 133% increase from 2024. Similarly, the fund has increased its Coinbase holdings by over 96% since 2024. Norway's increase in BTC holdings reflects a broader trend of sovereign wealth funds gaining indirect exposure through BTC investment vehicles and corporate proxies, as the world's first cryptocurrency becomes integrated into the traditional financial system. The Norwegian sovereign wealth fund also increased exposure to BTC holding company Strategy in 2025. Source: Norges Bank Investment Management Sovereign wealth and state pension funds legally mandate managers to invest only in pre-defined asset classes such as fixed-income securities, corporate bonds, equities and others. Because of these restrictions, fund managers who want to invest in Bitcoin or other cryptocurrencies must gain indirect exposure through an investment vehicle like an exchange-traded fund (ETF), a corporate bond or a company proxy like Strategy. The State of Wisconsin State Investment Board (SWIB), the organization that manages the US state's pension system, was one of the first state-level pension funds in the country to disclose indirect Bitcoin exposure through a $164 million investment into BTC ETFs. In February, SWIB disclosed that its BTC holdings nearly doubled, surging to over $321 million, according to a Securities and Exchange Commission (SEC) filing. The pension manager sold off BTC holdings in May but retained a $50 million position in BTC proxy Strategy. Kazakhstan's sovereign wealth fund announced in July that it plans to convert a portion of its assets to crypto. Timur Suleimenov, head of the National Bank of Kazakhstan, said the prospective move is intended to generate more investment income for the wealth fund, and the government is also exploring converting other assets like gold and foreign currency reserves to crypto.
Gulf Insider
5 hours ago
- Gulf Insider
Ethereum Is The ‘Biggest Macro Trade' For Next 10-15 Years: Fundstrat
Market strategy and research firm Fundstrat said Ether will be the 'biggest macro trade' over the next 10 years, as it predicted Ether may rally to as much as $15,000 by the end of 2025. 'ETH is arguably the biggest macro trade for the next 10 to 15 years as AI creates a token economy on the blockchain and as Wall Street financializes on the blockchain,' said Fundstrat Capital chief information officer Thomas Lee on Wednesday. Head of digital asset research for Fundstrat, Sean Farrell, said ETH could go as high as $12,000 to $15,000 by year-end, 'so there is still plenty of upside.' Lee was echoing his comments in a company research bulletin on Wednesday, where he explained that the Wall Street push will be spurred by the GENIUS Act stablecoin regulations and by the US Securities and Exchange Commission's 'Project Crypto,' which aims to modernize the agency for the digital finance age. Lee said the majority of stablecoins and Wall Street projects are being built on Ether. The Ethereum network currently has a commanding 55% market share of the $25 billion real-world asset (RWA) tokenization sector, according to ETH has skyrocketed 60% over the past 30 days, hitting a four-year high of $4,770, just 2.5% away from its 2021 peak, during early trading on Thursday. 'Ethereum is outperforming Bitcoin YTD, gaining +28% vs +18% for Bitcoin,' Lee pointed out. The world's largest Ethereum treasury company, BitMine Immersion Technologies, has targeted a huge $20 billion raise to increase its treasury. Related: Pantera bets $300M on crypto treasury companies, says gains may outpace ETFs The firm has aggressively accumulated 1.2 million ETH since the beginning of July, and its treasury is now worth almost $5.5 billion. Meanwhile, company stock (BMNR) has skyrocketed 1,300% over the same period. In a note seen by Cointelegraph, BTC Markets' crypto analyst, Rachael Lucas, said these positions are strategic and long-term, 'taking substantial liquidity out of the market.' 'When you combine record ETF inflows with corporate and sovereign balance sheet allocations, the result is deep structural demand meeting finite supply,' she said, adding: 'That's a recipe for sustained upward pressure on prices, and a sign that digital assets are firmly embedded in global capital markets.' In July, BitMine suggested the implied value of Ether could be as high as $60,000.
Gulf Insider
6 hours ago
- Gulf Insider
Bitcoin Prices Reach Fresh, All-Time High Above $124,000
Bitcoin prices rallied on Wednesday, August 11, reaching a fresh, all-time high above $124,000. The world's most valuable digital currency had climbed to roughly $124,380 around 8:30 p.m. EST, according to Coinbase data from TradingView. Interestingly enough, ether, the second-most valuable cryptocurrency, was also in the green, rising to more than $4,750, less than $150 from the record high it reached in 2021, additional Coinbase figures from TradingView reveal. When explaining these latest price movements, analyst Joe DiPasquale cited several variables. 'Bitcoin's push to new highs is being fueled by strong ETF inflows, ongoing institutional adoption, and a supportive macro backdrop with rate cuts back on the table,' said DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital. 'Once BTC broke through prior resistance, momentum traders piled in, amplifying the rally,' he added. Going forward, investors have a positive view of the innovative asset, he continued, stating that 'Sentiment remains firmly bullish as investors view bitcoin as both a growth asset and an inflation hedge.' Several analysts spoke to the implications of bitcoin's latest zenith, including Tim Enneking, managing partner of Psalion, who claimed that 'Although BTC just barely put in a new ATH today (at least, so far), there is almost certainly much more to come.' 'Unlike any other digital or fiat asset, the fundamental nature of the BTC market is in the process of radical change,' he emphasized. 'There is an ever-growing list of companies, countries, states, provinces and massive whales all beginning to accumulate BTC.' 'And, today, almost no one is still proclaiming BTC to be a currency or a medium of exchange,' Enneking continued. 'But, virtually everyone agrees that it has become a nearly perfect store of value: finite supply, not controlled by any single (or small group) actor, easily transferrable, potentially not traceable (pass on a flash drive and avoid the blockchain), secure (although a quantum-defense fork will be needed relatively soon), durable and, increasingly, popular with large, institutional investors.' 'Many of these characteristics are new and, therefore, their implications have not been fully priced in,' he claimed. 'Over the past eight months, the value of BTC has only increased 20%; gold has appreciated more – and with far fewer, secular tailwinds. Therefore, there is a strong argument that BTC is significantly undervalued and I think we are just beginning to see the market understand and absorb that,' Enneking concluded. Ben Kurland, CEO at crypto research platform DYOR, also spoke to the implications of the latest price movements of bitcoin and ether, emphasizing how the overall crypto space has matured over time. 'Bitcoin setting a new all time high and ETH edging ever closer to doing so means we've moved from the speculative, retail-driven mania of previous bull runs to a place where institutions are adopting, real-world integrations are happening, and global liquidity is increasingly driving more efficient price discovery.' he stated via email. 'It's telling that both assets are surging like this in tandem, and it signals more broad market conviction than just a single-asset rally,' said Kurland. 'Momentum this strong often has legs because it tends to draw in latecomers who can further fuel even more volatility.' 'Right now, the story is more about validation than euphoria — and it means that crypto is graduating from an 'alternative' asset to an 'essential' one in the foundational portfolio mix,' he stated.
