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 poised for a breakout 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 across various L2 protocols to generate higher yields than normal staking.