Etherealize: Ethereum may hit $250k, drawing attention to the "productive currency" narrative

Odaily Planet Daily reports that Etherealize’s latest research report proposes the theory of “productive money,” arguing that if Ethereum were to capture the current monetary premium of approximately $31 trillion, which is jointly held by gold and Bitcoin, its implied price could exceed $250,000—far higher than the current level of around $2,300.

The report states that ETH not only has traditional monetary attributes such as scarcity, verifiability, and resistance to censorship, but it can also generate an annualized yield of approximately 2%–4% through staking, giving it a “yield-bearing” monetary characteristic—thereby distinguishing it from non-productive assets such as gold and Bitcoin.

In addition, ETH within the DeFi ecosystem draws demand from three sources at once: “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 the tokenization of assets, ETH is expected to simultaneously possess dual attributes: “store of value + productive asset.”

However, the report also points out that ETH’s path to realizing this valuation still faces multiple uncertainties, including regulation, technology, and competition. The long-term revaluation of its value depends on how much the market recognizes its monetary attributes.