In a recent statement, Justin Sun indicated that the Ethereum Foundation‘s strategic initiatives could propel ETH prices to $10,000. The foundation’s immediate plan involves halting all ETH sales for a minimum of three years, ensuring the preservation of the ETH supply. This decision aims to bolster market confidence, with operational costs managed through AAVE loans, staking rewards, and stablecoin borrowing.
To further bolster revenue, a substantial taxation scheme for Layer 2 projects is set to be implemented, targeting an annual tax income of $5 billion. The proceeds will be utilized for ETH buybacks, reinforcing its deflationary principles. Concurrently, the Ethereum Foundation is restructuring its workforce, focusing on performance-based compensation, which aims to enhance overall efficiency.
Moreover, adjustments to incentive structures will see a decrease in node rewards and an intensified fee burning process, reinforcing ETH as a reliable store of value. With these robust measures concentrated on Layer 1 developments, ETH is poised not only to reach $4,500 initially but potentially $10,000 as it strengthens scalability and adoption.