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Ethereum forecast to reach $2 trillion in market cap, VanEck explains

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The head of digital assets research at a $71 billion money manager breaks down how ethereum can reach $2 trillion in market cap in a 'blue sky scenario' — and shares what could be next for crypto after DeFi and NFT

Matthew Sigel is the head of digital assets research for the $71.2 billion money manager VanEck.He also shares what he thinks could be next for crypto after decentralized finance and NFTs.One day in 2016, Matthew Sigel, then a portfolio strategist at CLSA, wrote his most clicked-on investment research note of the year titled"Google is evil.

"The conclusion of that piece was to buy Google," Sigel said in an interview."So I started to be on the lookout for technologies that had the potential to disintermediate not only big tech but other kinds of centralized institutions." Sigel learned how to identify disruptive technologies at AllianceBernstein where he worked on thematic portfolios managed by then chief investment officerSigel and Wood, who left AllianceBernstein separately to join CLSA and to build

 

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Matthew Sigel thinks that bitcoin has the potential to achieve the same market cap as gold, which currently stands at around $11.3 Trillion. In a “blue-sky scenario,” ethereum could reach a market cap of $2 Trillion, he added. CryptoNews cryptocurrency Definews

That’s a great wish.

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