A major asset manager holding $101 billion in assets projected Ethereum could reach $22,000 by 2030—though that forecast is already getting old. Published back in June 2024, the prediction deserves a closer look given what's happened in the market since then.

What makes this bullish call credible? The data. Ethereum isn't just another blockchain. It dominates the smart contract ecosystem with a 70% market share, and holds 59% of the total value locked across the entire sector. That's the kind of network effect and developer concentration that doesn't happen by accident.

These metrics suggest the institutional view isn't based on hype—it's grounded in Ethereum's actual market position and infrastructure leadership. Whether that $22,000 target holds up depends on adoption velocity and macro conditions, but the underlying thesis about Ethereum's staying power looks solid when you zoom out and check the fundamentals.