Ethereum’s Path to $20,000 Relies on Real-World Adoption and Growth

Debate continues over Ethereum's potential to reach $20,000, with emphasis on real-world usage as a critical factor.

Key Insights

Ryan Berckmans argues practical use is essential for achieving a $20,000 price.
High transaction fees indicate trust in the Ethereum network.
Comparison made with Bitcoin, which retains value despite centralized usage.
Restoring high total fees is crucial; $1 trillion in stablecoins alone won't suffice.
Growth must prioritize Layer 1 applications and integration with Layer 2 solutions.
Ethereum needs to diversify Layer 2 offerings to support increased user demand.
As Ethereum marks its 10-year anniversary, it must focus on utility-driven growth.

To reach ambitious price targets, Ethereum needs to enhance real-world usage and growth strategies.