Tom Lee, legendary Wall Street investor and chairman of Bitmine, is making a huge bet on Ethereum. On the Bankless podcast, he said ETH could potentially 100x over the next decade and even flip Bitcoin in total value.
Why Ethereum?
Lee sees Ethereum as the backbone of the next financial system. Wall Street, in his view, is starting to realize that ETH powers tokenization, stablecoins, and real-world financial infrastructure. He believes this shift mirrors Bitcoin’s breakout moment in 2017.
What is Bitmine doing?
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Bitmine currently holds over 833,000 ETH
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The goal is to reach 5% of total ETH supply
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They're moving 12x faster than MicroStrategy did with Bitcoin
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Bitmine is fully compliant, US-based, and highly liquid (trading $1.6B daily)
Why ETH Treasuries Matter
ETH treasuries generate yield through staking, making them real businesses, not just holders of assets. Lee believes these companies will be key infrastructure as Wall Street builds on Ethereum.
Short-Term Price Target
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$4,000 to $7,000 by year-end
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Long-term: ETH could see massive upside, similar or greater than Bitcoin’s run since 2017
Lee says: “Ethereum is having its 2017 Bitcoin moment.”
