Ethereum’s $1.5M Moonshot: EMJ Capital Predicts 100x Surge from ETF Catalysts and Crypto Commerce Shift

Ethereum’s $1.5M Moonshot: EMJ Capital Predicts 100x Surge from ETF Catalysts and Crypto Commerce Shift

Founder Eric Jackson bets big on ETH staking approval and real-world blockchain utility

Ethereum (ETH) may be vastly undervalued, and its price could climb more than 100-fold to $1.5 million per token, says Eric Jackson, founder of EMJ Capital. In a series of posts on X (formerly Twitter), Jackson laid out a bold thesis: Ethereum’s future lies not only in crypto speculation but as a foundational layer of a new financial internet.

A 100x Move Ahead: From $3,000 to $1.5 Million

Jackson believes Ethereum could become a “100-bagger”—a stock market term for an asset that multiplies 100 times in value—driven by staking-enabled ETFs and increasing institutional adoption.

“Ethereum is quietly becoming the dominant rail system to transact in crypto with deflationary economics,” Jackson wrote.

At the time of writing, ETH trades near $3,040, meaning a jump to $1.5 million would represent a staggering 49,200% gain.

Staking ETF Approval Seen as the Real Trigger

While spot Ether ETFs launched in the U.S. in July 2024, they have so far underwhelmed, generating just $1.41 billion in volume compared to Bitcoin ETFs’ $6.9 billion, according to CoinGlass.

But Jackson believes this comparison misses the point.

“The real catalyst is still ahead: staking approval, expected before October,” he emphasized.

Once approved, ETH ETFs that offer staking will transform Ether into a yield-generating, institutional-grade product—not just “digital oil,” but a financial instrument with compounded deflationary pressure.

ETH Adoption Is Already Spreading Across Major Companies

Jackson pointed to several major firms that already use or enable access to Ethereum:

• Circle Internet Group (stablecoins)

• Coinbase (crypto exchange and Layer 2 scaling)

• Shopify (e-commerce)

• Robinhood (retail trading and Layer 2)

As usage among these firms expands, Jackson argues that if commerce increasingly shifts from fiat rails to blockchain systems, Ethereum stands to benefit more than any other protocol.

“If this conversion to ETH commerce truly happens (and I believe it will), then ETH goes to $1.5M over time,” he wrote.

Short-Term Forecast: $10K to $15K by 2026

Jackson sees the base case for ETH hitting $10,000 by the end of this market cycle, typically expected to peak around March 2026. His bullish scenario forecasts $15,000, assuming Layer 2 networks, staking inflows, and adoption beat expectations.

Importantly, his prediction does not factor in explosive growth from:

• Decentralized finance (DeFi)

• Stablecoin use

• Enhanced Layer 2 activity via Coinbase or Robinhood

Factoring these in, Jackson said, could turn ETH into a “100-bagger.”

Ethereum Remains a Top Contender in the Crypto Surge

ETH’s current rally follows Bitcoin’s breakout above $120,000. With markets turning increasingly risk-on and macro headwinds like inflation easing, Ethereum’s mix of yield, deflation, and real-world adoption may position it for a historic bull run.