The Case for Ether
Miko Matsumura

Thanks Miko, but I wish you had spent time thinking about what success actually looks like for ETH. Take an agressive adoption rate, a base case and an underperforming case for 2020 and 2025 — what would having 1 billion users and $5 billion of gas fees imply for the price? Because without any long-term view you’re just saying “hey, ETH is cheap relative to BTC” and “it should be #2 like silver”. None of that means anything. Stocks are based on current and future earnings, with dividends and M&A rewarding investors. I love ETH, but what is the price actaully based on, what does that imply for 2020 and 2025 potential prices, and is today’s price cheap relative to those?

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