VanEck believes Ethereum (ETH) will be worth roughly $22,000 by 2030, the asset manager said in a comprehensive analysis published on June 5.

If Ethereum maintains its dominance among smart contract platforms, VanEck sees a credible path to generating $66 billion in free cash flow — the amount of money generated by a blockchain network — for token holders — supporting a $2.2 trillion market capitalization and a $22,000 price per ETH by 2030.