Could Ethereum’s Value Plummet Without Monetary Status?

Ethereum expert Evan Van Ness, founder of Ethereum Weekly, has expressed concern about the future price of ETH. He shared his belief that if Ethereum is not considered a ‘currency,’ its value could plummet to near zero. In an analysis using discounted cash flow (DCF) methodology, Van Ness stated that without assigning a monetary premium, ETH’s price would decline significantly. This decline would be observed against both fiat currencies and other cryptocurrencies, highlighting the potential impact of not granting ETH ‘currency’ status on its valuation.