Ethereum News

Real value of Ethereum is $6,000: Bloomberg Intelligence

Bloomberg Intelligence has released its latest report on cryptocurrency that values Ethereum at $6,000, around 180% of the prevailing market price. BI cites the upcoming major update on the network to this value unlock and claims that the shift from the current PoW to PoS mechanism makes ETH an “equity-like” instrument. Experts have suggested that Ethereum will make 30% more revenue in 2022 compared to that in 2021.