Ethereum could reach new all-time highs this year as institutional demand expands. Tom Li, Bitmain’s chairman and a major ETH holder, told CNBC that if real-world asset tokenization and on-chain finance take off, ETH could rise to $7,000 to $9,000 this year, with a long-term path to $20,000. He said Ethereum provides efficiency to traditional financial systems and could build real-use cases, suggesting a possible $20,000 level in the long run.
As of January 29, Bitmain held about 4,115,525 ETH, roughly 3.41% of the circulating supply, and the firm has continued buying ETH even in a bear market, aiming to own 5% of total supply. Institutions and financial players are paying attention to Ethereum’s potential as a financial infrastructure. Cointelegraph notes that the real-world asset tokenization market grew from about $56 billion to $189 billion last year, and the Ethereum network holds over $12 billion in tokenized assets, far surpassing Solana and other rivals.
Despite these optimistic projections, ETH price has not shown a clear rebound. On Upbit, ETH trades around KRW 4.4 million after dipping below KRW 5 million in November. The Fusaka upgrade did not appear to have a clear short-term price impact. In the U.S., the spot Ethereum ETF recorded net outflows of about $618 million last month, with total outflows for BTC and ETH ETFs totaling around $1.7 billion over the past month.
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