Sharplink has returned to buying Ethereum despite suffering major losses. | Source: CCN.
Share
Key Takeaways
SharpLink keeps buying despite huge losses.
Robert Kiyosaki’s March forecast that Ethereum could reach $95,000 after the next global financial crisis has gone viral again.
Ethereum price outlook remains deeply divided.
SharpLink Gaming has resumed buying Ethereum after an eight-month pause, adding to its holdings despite suffering an estimated $1.8 billion in unrealized losses.
The move comes as a bullish $95,000 Ethereum price prediction from “Rich Dad Poor Dad” author Robert Kiyosaki resurfaced across social media, continuing the investor divide over ETH’s long-term prospects.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Over the past three days, blockchain analytics platform Lookonchain reported that SharpLink had purchased a total of 39,196 Ethereum, worth approximately $62.4 million.
On June 28, the gaming firm purchased 5,000 Ethereum, worth approximately $7.85 million, through crypto brokerage FalconX — marking the company’s first purchase in eight months.
However, the latest purchase comes while it remains deeply underwater.
SharpLink accumulated its Ethereum at an average purchase price of approximately $3,609 per token.
With Ethereum’s price recently trading near $1,556, the position is currently worth around $1.4 billion, leaving the company with an unrealized loss of roughly $1.8 billion.
Robert Kiyosaki’s $95,000 Ethereum Price Prediction Resurfaces
The renewed buying has coincided with crypto commentator Ash Crypto resurfacing a bullish prediction made by entrepreneur and author Robert Kiyosaki in March.
Kiyosaki, author of the acclaimed “Rich Dad Poor Dad,” said that Ethereum’s price could reach $95,000 after the next global financial crisis.
In a March 16 post, Kiyosaki warned that “the biggest bubble bust in history” was approaching, predicting Ethereum would hit $95,000 one year after the crash.
“When the bubbles go bust I predict… Ethereum to be $95,000 a year after crash,” Kiyosaki wrote.
BIGGEST BUBBLE BUST
I do not know what pin, what event will pop the biggest bubbles in histor. What ever the event, the pin is near.
It’s not IF. It’s WHEN.
When the bubbles go bust I predict gold will hit $35,000 an ounce one year after the gold bubble goes pop..
Analysts Remain Divided Over Ethereum Price Outlook
The renewed debate comes as market commentators continue to offer sharply contrasting views on Ethereum’s future.
Bitcoin Stock-to-Flow creator PlanB recently argued that Ethereum has failed to demonstrate sustained outperformance against Bitcoin over the past decade.
“Not to bash ETH… but IMO this ETH/BTC chart is remarkable and has important insights,” PlanB wrote on X.
He noted that Ethereum was trading at roughly 0.026 BTC per ETH, close to levels seen in March 2016, adding that Ethereum had “done worse than Bitcoin over the last 10 years.”
Not to bash ETH and correct me if I am wrong, but IMO this ETH/BTC chart is remarkable and has important insights:
– ETH has done worse than bitcoin over last 10 years!! Still at 0.026 BTC, like March 2016. – No ETH bull market pump in 2023/2024, like it did in 2017 and 2021… pic.twitter.com/JOVOQVAWy0
“I still see ETH going to $30,000-$80,000 depending on how fast Wall Street tokenizes.”
Crypto analyst Michaël van de Poppe also described current levels as an attractive accumulation opportunity.
“I think that this is a phenomenal spot to be buying spot Ethereum for the upcoming 6-12 months and that it’s going to make a higher low from here,” he wrote.
What Will Make Ethereum Price Grow?
At the time of reporting, Ethereum’s price was trading at around $1,574, down almost 10% in the last week.
Looking ahead at Ethereum’s price trajectory, CoinMarketCap said a “tug-of-war” between improving long-term fundamentals and weaker near-term institutional demand.
On the bullish side, Ethereum’s multi-year development roadmap includes the planned “Glamsterdam” upgrade, expected in the third quarter of 2026.
This aims to significantly increase network throughput by raising gas limits while supporting broader scaling initiatives through 2029.
However, on the bearish side, institutional demand has been less encouraging in the short term.
Ethereum’s price is falling | Source: CoinMarketCap
According to CoinMarketCap, US spot Ethereum exchange-traded funds recorded seven consecutive trading days of net outflows through June 26, totalling $12.85 million.
This suggests institutional investors have become more cautious despite nearly $11 billion in cumulative inflows since launch.
However, at the same time, on-chain data shows large investors continuing to accumulate Ether.
CoinMarketCap said whale wallets have collectively added more than 1.11 million ETH this year, the fastest pace of accumulation on record, even as retail sentiment remains weak.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
