Ethereum Price Target Is Revealed

The Ethereum price target is revealed according to the latest reports. Check out the latest news about the price of Ethereum.

A venture capitalist who correctly called the November 2022 digital asset bottom said those who are waiting for a major crypto correction would likely be left in the sidelines.

Placeholder partner Chris Burniske said that he believes the stage is set for a massive long-term Ethereum (ETH) rally.

Burniske, he sees Ethereum rising to a new all-time high and printing gains of over 438%.

“For the haters that have been negative on ETH at $1, $10, $100, and $1,000, but refuse to let data change their views, see ya at ETH $10,000.”

Burniske says that ETH could hit his target in 2025.

Looking at the broader crypto markets, Burniske believes that short-term pullbacks are possible, but he doesn’t think the asset class will witness steep drawdowns anytime soon.

“Sure, we’ll get pullbacks, but if you’re waiting for mega-liquidation-based-capitulations like that, you’re gonna be waiting til after the next expansion.”

JPMorgan CEO Jamie Dimon says the US government may need to seize private property in order to fuel one of its most high-profile initiatives.

In a new annual letter to shareholders, Dimon made sure to explain the fact that the government agencies could evoke eminent domain and forcibly obtain private property to propel the push for clean energy.

“Massive global investment in clean energy technologies must be done and must continue to grow year-over-year.”

The notes continued and stated the following:

“At the same time, permitting reforms are desperately needed to allow investment to be done in any kind of timely way. We may even need to evoke eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”