I provided my valuation for Eth some time back at around $500 per coin. That was based on a standard discounted cashflow analysis which I used for all income producing assets.
There’s no need to overcomplicate things with fancy cash flow models. The key point is simple: ETH is a powerful store of value, and it also generates yield. On top of that, it operates on the most secure and economically robust blockchain in existence.
While Ethereum's capabilities—smart contracts, DeFi, stablecoins, and more—are impressive, they are bonuses. The core value proposition of ETH is as a store of value. I hold it for that reason, and I’m far from alone.
Since its launch in 2015, ETH has appreciated roughly 2,100x, compared to Bitcoin’s ~350x over the same period. That means ETH has outperformed BTC by approximately 6x over the past decade.
Yet despite this performance, ETH remains significantly undervalued relative to BTC. In recent years, BTC has gained more attention—largely due to market irrationality and Ethereum’s weaker marketing efforts, not fundamental superiority.
It’s also worth noting that many people apply complex valuation models to ETH but not to BTC—an inconsistent standard. But ultimately, none of that is necessary. What matters is this: ETH is a world-class store of value with the potential to reach $100,000, $1 million, or beyond.
Everyone should seriously consider working toward becoming a whole coiner of ETH. The reasons are becoming more obvious by the day.
