Fundstrat: Ethereum as a Multi-Year Macro Trade to $10k–$15k

I find Fundstrat's view compelling: they call Ethereum the biggest macro trade for the next 10–15 years and project a move to $10,000–$15,000 as Wall Street adopts blockchain and tokenized assets.

I see credible structural drivers — tokenization, institutional demand, and network effects — that could support a multi-year re-rating, but the path will be volatile.

I remain cautious on timing and downside risks from regulation, scalability, and macro shocks, so I expect to build exposure gradually rather than all at once.