2025-12-29 05:24:36

Ethereum's privacy protocol upgrade has entered its final stage. This time, it is not just a simple technical iteration; many believe it could become a key turning point in reshaping ETH's value.

**The Root Cause**

Currently, all transactions on Ethereum are public and transparent, which creates obstacles for large institutional capital inflows. Many high-net-worth investors and traditional financial institutions are cautious about fully transparent on-chain transactions due to compliance considerations. The core of the privacy upgrade is to enable transactions to have selective invisibility—users can decide which transactions remain private—this change is expected to open the long-closed door for institutional capital.

**Why Are Price Expectations So Divergent?**

Conservatives, based on the linear logic of technological upgrades and continuous inflows of spot ETF funds, set a target of $8,500. Meanwhile, some institutional investors see a new market opportunity with the "privacy + compliance" combination punch, with expectations around $15,000—this reflects an understanding of the restructured valuation logic. From the strategic moves of top global asset management firms like BlackRock, it seems they are betting on this logical shift.

**The Current Situation**

Every market adjustment may provide a new perspective for investors who are holding a wait-and-see attitude. The impact of the privacy upgrade card is still continuously unfolding.

ETH-0,35%

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FunGibleTom

· 7h ago

Institutions are really just looking at this privacy upgrade, whether it's 8,500 or 15,000, the gamble is whether BlackRock will really go all in.

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zkProofGremlin

· 7h ago

Institutions are really waiting for this privacy upgrade, the expectation of $15,000 sounds not unreasonable. --- Transparency is a shackle, this time there’s really a chance to break the deadlock. --- BlackRock has already taken action, which clearly indicates what the issue is. --- 8500 vs 15000, the big difference mainly depends on how much compliance can open the door. --- When the privacy protocol is implemented, institutional funds will truly start to enter the market. --- The selective invisibility setting is excellent; finally, institutional-level trading can be done. --- Those still on the sidelines are probably going to regret it again. --- The combination of compliance and privacy makes traditional finance uneasy. --- It feels like this is really not just hype; the logic makes sense. --- By the way, BlackRock’s moves have always been about laying out the next wave in advance.

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MetaDreamer

· 7h ago

Institutions are all secretly buying, transparency is indeed a bottleneck Privacy + compliance, this combo punch, even BlackRock is betting on it, those who understand get it 8500 or 15000, anyway I’ll wait until the privacy upgrade is implemented If this wave really opens the door for institutions, the ETH landscape will change As soon as the words compliance and privacy appear, I know Wall Street is itching to move

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