Tom Lee Predicts Ethereum Could Surpass Bitcoin’s Historical Rally
Tom Lee, chairman of Bitmine, suggests that Ethereum’s potential upside may exceed Bitcoin's historical 100x rally. He cites the rapid growth of ETH treasury companies as a driving factor for Ethereum possibly surpassing Bitcoin in network value. Bitmine, which holds nearly 1% of all ETH, aims to acquire 5% of the supply, outpacing Bitcoin treasury firms.
Lee notes that ETH treasuries serve as critical infrastructure for Ethereum by staking their assets, earning yields, and supporting the network. Unlike ETFs, these companies can accumulate ETH more quickly, creating supply scarcity and benefiting from Ethereum's ecosystem.
He compares Ethereum’s current position to Bitcoin’s 2017 breakout, stating that Wall Street has yet to fully recognize Ethereum’s significance in tokenization, AI, and decentralized finance (DeFi). Lee predicts Ethereum could reach $4,000 soon, with a potential surge to $7,000–$15,000 by year-end, and sees long-term prospects of 100x its current value.
While concerns exist about crypto treasury bubbles, Lee argues that sustainable growth will occur if these companies avoid risky debt structures. He emphasizes that ETH's price will be influenced by broader adoption and accumulation velocity.
For traditional investors, treasury companies like Bitmine provide an alternative way to gain exposure to Ethereum, particularly for institutions unable to acquire ETH directly. Lee asserts that Bitmine’s compliant strategy positions it as a pivotal player in Ethereum’s future.
He views Ethereum's current undervaluation as a unique opportunity and suggests that Ethereum treasuries could become essential players in the digital economy, valued for their role in blockchain infrastructure.