Why ‘ETH Is Going to $10,000,' Explains EMJ Capital Founder and President
2025-07-15 16:32:04
Main Idea
Eric Jackson, founder of EMJ Capital, predicts ETH will reach $10,000 in this bull cycle due to factors like ETF approvals, deflationary tokenomics, and RWA tokenization.
Key Points
1. Eric Jackson's firm anticipates ETH reaching $10,000, with potential for $15,000 if layer-2 adoption and ETF inflows exceed expectations.
2. Key drivers include Ethereum's deflationary tokenomics post-merge, growing transaction fees from layer-2 solutions, and RWA tokenization.
3. SharpLink Gaming acquired 74,656 ETH for $213 million, staking 99.7% of its holdings, generating 415 ETH in rewards since June 2025.
4. ETH's price held relatively stable (-0.6% in 24 hours) despite Bitcoin's drop, partly due to institutional support like SharpLink's purchases.
5. Jackson dismisses the 'digital oil' analogy, comparing Ethereum's role to companies like Coinbase and Robinhood in a crypto-driven economy.
Description
On Sunday, Eric Jackson, the founder and president of Toronto-based hedge fund EMJ Capital posted a thread on X that explained his firm's bullishness on ether (ETH). According to Jackson, the market has underestimated the impact of upcoming developments, particularly the anticipated approval of staking for ETH exchange-traded funds (ETFs) by October 2025. He argued that this event, rather than the already-approved ETH ETFs, represents the true catalyst for significant price growth, as it could t...
Latest News
- Asia Morning Briefing: BTC Pulls Back as Market Isn't 'Invincible', But Google, Meta Lift AI Tokens2025-07-16 00:31:37
- Senate Agriculture's Top Dem: Crypto Market Structure Effort Needs 'Serious Changes'2025-07-15 23:39:43
- Gaming Studio Snail Explores Developing U.S. Dollar Stablecoin2025-07-15 23:13:59
- Legitimate Privacy Tool or Dirty Money ‘Laundromat’? Lawyers Debate Role of Tornado Cash on Day 1 of Roman Storm Trial2025-07-15 23:13:21
- Early Bitcoiner Adam Back Nears $3.5B BTC Deal With Brandon Lutnick-Led Cantor SPAC: FT2025-07-15 21:42:16