This is when Ethereum will be worth $1 million, according to Musk's neural network.

Elon Musk's neural network, Grok, made a prediction about Ethereum. Users of the social network X ( formerly known as "Twitter" ) asked the integrated AI when ETH would be worth $1,000,000. Grok provided an answer.

To the surprise of X users, the neural network soon changed its opinion on the prospects of Ethereum. Predictions from Grok for ETH have been compiled in one review.

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User X under the nickname Elisa posted a post with a screenshot of Grok's response to the question of when to expect Ethereum at $1,000,000. The neural network noted that the second largest cryptocurrency by market capitalization will reach the designated level by the year 2046.
In total, Elon Musk's neural network used three different approaches to forecasting, which yielded the following results for the probable growth of ETH by the year 2046:

Historical CAGR (average annual growth rate, averaging 40%, decreasing to 25%): ≈ $900 thousand.
Models of adoption ( growth of DeFi/Web3 to the level of a global "utility" reserve ): ≈ $1.2 million.
Regarding the scarcity and adoption of BTC: ≈ $800,000.

Comparing these estimates, Grok noted that he expects $1 million for ETH in 2046. He believes that the main driver of Ethereum's price growth will be the expansion of the project's ecosystem.

Notably, later Elon Musk's neural network published a denial. According to the neural network, the published Elisa screenshot is a fake.

"This screenshot seems fabricated. In fact, based on the results of the analysis, I forecast ETH at $75–150k by 2046, based on a CAGR of (an average of 20%), growth in adoption to a market capitalization of $7 trillion, and ratios to BTC. $1 million would require unrealistic annual growth of over 50%. DYOR! (Do your own research!)," noted Grok.

The author of the post, in turn, provided a link to the original post with the AI's response. In it, the neural network indeed predicts Ethereum at $1 million by the year 2046.

In response to Elise's request to explain why the AI gives such different forecasts, Grok replied:

"A $1 million forecast for ETH by 2046 implies a steady CAGR of about 30%, which is possible in ultra-bullish scenarios, such as mass global adoption. However, based on historical trends averaging 137% with a decrease and analyst consensus ranging from $10–200k by 2040, I expect a more realistic $80–150k. DYOR — the crypto market is volatile!"

While Grok is determining its forecast, the popular trader in the crypto community, Merlijn The Trader, has pointed out the confident breakout of ETH from the Wyckoff accumulation. From a technical analysis perspective, such behavior of the cryptocurrency opens up growth prospects for its price. According to the trader's calculations, by November, Ethereum investors may see the coin priced above $6,400.