Tom Lee is getting increasingly bullish. The CEO of BitMine predicts that the price of Ethereum could reach $20,000 in the coming year, while Bitcoin could climb to $300,000. According to Lee, the four-year cycle is over, and the market will now follow the movements of the stock market. Read on to see how Tom Lee arrived at these figures.
Foto: X-post van Binance.
End of the Four-Year Crypto Cycle #
Lee made these statements during the Binance Blockchain Week in Dubai. He predicted that the crypto market will no longer adhere to the four-year cycle that has long been considered dominant. Dutch analyst Michaël van de Poppe also believes that this cycle is over.
Instead, Lee thinks Bitcoin will reach a new peak as early as the beginning of 2026 and could rise to $300,000. If that happens, Lee also foresees a significant increase for Ethereum:
“In the coming year, it (ethereum) could come out above $20,000.”
Ethereum as the Foundation for Tokenization #
According to Lee, Bitcoin is increasingly seen as a macro asset, but for Ethereum, tokenization will be a major growth driver.
He points out that Wall Street, with financial giants like BlackRock leading the way, is rapidly moving to tokenize financial products. This involves putting assets like stocks or bonds on the blockchain.
About 70% of this activity takes place on Ethereum. According to Lee, this offers the prospect of long-term growth:
“I think Ethereum is the future of finance, the payment rails of the future.”
Launchpad for a Price Rally #
Lee says he sees signs on the price chart of a major rally. A five-year consolidation phase is visible. According to Lee, this provides a launchpad for an upward movement that is gaining more and more momentum:
“The bigger the base, the bigger the breakout.”
According to Lee, it won’t stop at $20,000. He thinks Ethereum could eventually be worth as much as a quarter of a Bitcoin. “That’s $62,000,” says Lee, at a price of $300,000 per Bitcoin:
“Ethereum at $3,000 is hugely undervalued.”
New Ethereum Purchases #
Lee isn’t just using words. His company, BitMine, is by far the largest investor and holder of Ethereum in the world. According to data from Arkham Intelligence, BitMine bought another large amount of Ethereum yesterday, this time worth $130 million.
It is the fourth purchase this week, bringing BitMine’s total investment in Ethereum this week to more than $350 million.