ETHZilla CEO: Expects Ethereum price to reach $20,000 and will continue to increase ETH holdings

ChainCatcher news, McAndrew Rudisill, CEO of the Nasdaq-listed Ethereum treasury company ETHZilla, expects the price of Ether to reach $20,000 in the coming years, as the price of Ether has been in a consolidation phase for years and is expected to break through driven by the growth of stablecoins.

Regarding the amount of ETH to purchase, McAndrew Rudisill stated that ETHZilla does not have a fixed number but hopes to acquire as much ETH as possible, while using ETH for various different L2 protocols to generate higher yields than normal staking.