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Tom Lee calls Ethereum a “neutral chain” likely to be favored by Wall Street
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BitMine has grown to the world’s largest ETH treasury with 2.15M ETH
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Lee expects ETH to hit $10K–$12K by year-end, with BTC reaching $200K–$250K
Lee on Ethereum’s Neutrality
Speaking at Korea Blockchain Week, Fundstrat co-founder and BitMine chairman Tom Lee argued that Ethereum is a “neutral chain” without favoritism, making it the preferred blockchain for Wall Street and regulators under the Trump administration.
Ethereum Supercycle
Lee linked Ethereum’s potential to long-term trends like tokenized AI economies and proof-of-human initiatives. He suggested Ethereum is in the early stages of a “super cycle” lasting over a decade.
BitMine’s Position
Since converting into an Ethereum treasury company, BitMine’s market cap has soared to $9.45 billion. With 2.15 million ETH in reserves, it is now the largest Ethereum treasury worldwide and second only to MicroStrategy among public crypto treasuries.
Market Outlook
Lee forecasted Bitcoin to close the year between $200,000 and $250,000, with ETH ranging from $10,000 to $12,000. He noted Ethereum could climb even higher as institutions increasingly treat ETH and BTC treasuries as large-cap equities included in major indices.
