EMJ Capital Founder: ETH could hit $10K this cycle

The founder of Toronto-based hedge fund, EMJ Capital, predicted that ETH could hit $10,000 during this bull run. According to CoinDesk, Eric Jackson claims that Ethereum exchange-traded fund (ETF) staking approval is expected by October of this year, an event that he believes the market is underestimating. In addition, Jackson suggests that the deflationary token economy after the merge, increased layer-2 transaction fees and increased tokenization of real world assets (RWAs) could significantly increase the value of ETH.