Etherealize: Ethereum may hit $250k, drawing attention to productive currency narratives

Mars Finance News, Etherealize’s latest research report proposes the “Productive Money” theory, suggesting that if Ethereum captures the current combined monetary premium of gold and Bitcoin, totaling approximately $31 trillion, its implied price could exceed $250k, far above the current level of around $2,300. The report points out that ETH not only possesses traditional monetary attributes such as scarcity, verifiability, and censorship resistance but can also generate an annualized yield of about 2%–4% through staking, achieving a “yield-bearing” monetary characteristic, thereby differentiating it from non-productive assets like gold and Bitcoin. Additionally, ETH in the DeFi ecosystem serves three simultaneous roles: “collateral asset + fee burning + staking lock-up,” forming a mechanism of supply contraction and value accumulation. The report believes that with the development of on-chain finance and asset tokenization, ETH is expected to possess both “store of value” and “productive asset” dual attributes. However, the report also warns that ETH’s realization of this valuation path still faces multiple uncertainties such as regulation, technology, and competition, and its long-term value reassessment depends on the market’s recognition of its monetary properties.