Ethereum (ETH) is trading near $3,000 despite recent market turbulence, and Eric Jackson, the founder of Toronto-based hedge fund EMJ Capital, believes this is just the beginning. In a detailed post shared on X, Jackson outlined why his firm expects ETH to reach $10,000 in the current bull cycle, possibly even $15,000 under favorable conditions.
At the core of this forecast is the anticipated approval of staking for ETH ETFs by October 2025. According to Jackson, while spot ETH ETFs have already gained approval, the staking feature is the true catalyst that could transform Ethereum from a speculative asset into a yield-bearing institutional product.
Why ETH’s Supply Crunch Is Brewing
Jackson’s investment thesis revolves around multiple converging catalysts that point to a significant supply crunch:
- Staking ETF approval could boost institutional demand dramatically.
- More ETH locked in staking would reduce liquid supply.
- Passive ETF inflows from traditional finance may steadily accumulate ETH over time.
- Ethereum’s post-Merge deflationary tokenomics are already lowering overall supply.
When combined, these trends could create an environment where demand outpaces supply, driving ETH prices significantly higher.
Ethereum’s Revenue Model and RWA Tokenization
Unlike many blockchain networks, Ethereum generates real revenue. With increasing transaction fees, especially from Layer-2 scaling solutions, and the rise of real-world asset (RWA) tokenization, Jackson sees Ethereum evolving into a platform for global commerce — not just decentralized finance.
He likens Ethereum’s infrastructure role to firms like Coinbase, Circle, and Shopify, rather than the outdated “digital oil” analogy.
SharpLink Gaming Becomes Largest ETH Corporate Holder
Providing additional support for ETH’s resilience, SharpLink Gaming (NASDAQ: SBET) recently disclosed the accumulation of 74,656 ETH between July 7–13, bringing its total holdings to 280,706 ETH, now surpassing the Ethereum Foundation.
The firm invested over $213 million at an average price of $2,852, signaling strong institutional conviction.
ETH Holding Strong Amid BTC Volatility
Even as Bitcoin dropped from $123,000 to $116,000, Ethereum held above $3,000, reflecting growing support from both hedge funds and corporate treasuries. With ETF staking, deflationary supply, and real-world adoption in play, the case for ETH reaching $10,000 is gaining traction.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.