CORRECTION: It's actually ETH to $4 Trillion 👀

Ryan Allis is the managing partner at Heart Rithm, and a serial entrepreneur with 20 years in technology, marketing, and business. Ryan write about Ethereum, Bitcoin, Polkadot, DeFi, Blockchain, Web3, and the future of money on his substack - Coinstack.

Today, we're evaluating ETH according to Ryan's recent DCF (discounted cash flows) model, and getting to the bottom of why ETH could be fairly valued at $10k with a market cap of $3 Trillion.

Model:  https://docs.google.com/spreadsheets/d/1_IqNzqm-_Jlk-cK4twQ-bzhJKrsOhrckdQA2isTwKRA/edit#gid=0 

------ 📣 ZERION | Trade Across 7 Networks and 500+ protocols https://bankless.cc/Zerion 

------ 🚀 SUBSCRIBE TO NEWSLETTER:          https://newsletter.banklesshq.com/  🎙️ SUBSCRIBE TO PODCAST:                 http://podcast.banklesshq.com/ 

------ BANKLESS SPONSOR TOOLS: 

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum 

🍵 MATCHA | SMART ORDER ROUTING https://bankless.cc/Matcha 

🚀 SLINGSHOT | LAYER 2 SOCIAL TRADING https://bankless.cc/Slingshot 

🏦 GEMINI | TURN FIAT INTO CRYPTO https://bankless.cc/Gemini 

🦁 BRAVE | THE BROWSER NATIVE WALLET https://bankless.cc/Brave 

🦄 UNISWAP | DECENTRALIZED FUNDING https://bankless.cc/UniGrants 

------ Topics Covered:

0:00 Intro 6:00 Ryan Allis, ETH, Cash Flows 12:29 Making a DCF for ETH 16:34 Costs & Security 21:16 Generating Insane Revenue 31:42 The Outputs are Sexy 40:55 Monetary Premium 47:00 Buybacks & Distribution 52:14 Markets vs Education 57:02 Alt Layer 1's & L2 1:03:25 Memes vs Fundamentals 1:08:19 Closing & Disclaimers

------ Resources:

Ryan on Twitter: https://twitter.com/ryanallis?s=20  CoinStack: https://twitter.com/coinstackcrypto?s=20  HeartRithm: https://twitter.com/HeartRithm?s=20 

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures