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Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, has all chances to join the club of global macro assets and hit an almost $100 trillion capitalization. A new report by Etherealize indicates that $ETH demonstrates some functions of digital oil, digital gold and the ultimate collateral for states and institutions.
Ethereum ($ETH) at $740,000: New report on digital oil and digital gold opportunities
Ethereum ($ETH), the first programmable blockchain, might hit an enormous 14-digit capitalization in the coming years. With all Ethers in circulation valued at $90 trillion, a single $ETH crypto will be trading over $740,000, a new report by Etherealize says.
Ethereum long-term valuation of $89T (~$740,000 per $ETH) is possible at global scale.
— ETHRNSM (@ETHRNSM) June 13, 2025
To reflect $ETH’s valuation potential as a global reserve asset, we must consider comparable global reserve assets as benchmarks. pic.twitter.com/R7m7fMhkTf
Such an insane upsurge will be driven by $ETH accruing the functions of a global reserve macro asset. For instance, the report says, Ethereum ($ETH) works not unlike digital oil, being the "fuel for computations" that can be stored and traded by reserve operators.
Just like Bitcoin ($BTC), Ethereum ($ETH) demonstrates all features of digital gold, but with sustainable yield rates and "productivity" while deposited to DeFi mechanisms.
Also, Ether would be a digital replacement for the global bonds market as it can function as non-sovereign universal collateral that can be easily integrated into each and every financial system.
Last but not least, Ethereum's ($ETH) volume surges step-by-step, increasing together with its activity and ecosystem growth.
More cryptocurrencies as global macro assets?
Finally, Ethereum ($ETH) is the monetary backbone of global programmable finance, which is another extremely powerful catalyst to its macro price rally.
As such, Ethereum ($ETH) has all features of a global macro asset, and, given the average capitalization of such assets at $100 trillion, can be valued over $740,000 per coin.
As covered by U.Today previously, Bitcoin ($BTC) expert Willy Woo called the orange coin the first new macro asset in 150 years.
He also admitted that Bitcoin ($BTC) achieved this status faster compared to all its competitors. However, as per some experts, Ethereum's store of value (SoV) narrative is even more powerful compared to Bitcoin's ($BTC).