Tom Lee, Chairman of Bitmine Immersion Technologies (the world’s largest corporate holder of Ethereum), is strongly pushing an “ETH 2.0 thesis.” In it, he says Ethereum (ETH) is at an inflection point similar to Amazon before AWS or Nvidia before the AI boom.
In a recent commentary titled “ETH is the Cure for the Uncanny Valley of Wealth,” Lee argued that at present ETH is “grossly undervalued” because retailers are “rage-quitting at the bottom.” At press time, ETH was trading at $1,844, down 46.97% in the past year and 63% below its August 2025 all-time high of $4,953.
Source: CoinMarketCap
Nonetheless, multi-billion-dollar companies’ tokenized products such as BlackRock’s BUIDL and JPMorgan’s MONY are proof that institutions are building on Ethereum’s long-term future.
Even more, large firms such as Bitmine are running the network as validators even after the Ethereum Foundation scaled back its footprint to just 0.1% of ETH’s circulating supply.
He further supports Ethereum’s bullish case by noting that its security and immutability position it at the forefront of agentic use in artificial intelligence (AI). He further projects that Ether will evolve from a speculative coin into a payment rail for automated computational power.
In the short term, Lee predicts ETH could hit $2,200 by August this year. In the long term, the project targets $12,000 if Bitcoin hits $250,000. This would be driven by a rotation of capital from Bitcoin and an improvement in the current 0.029 ETH/BTC exchange ratio.
He adds that ETH could further rise to $65,000 should it dominate as a global payments network and settlement layer for tokenized real-world assets (RWAs). Further out, he sets a $5 trillion market cap, implying a $250,000 multi-year target.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Tether is expanding beyond stablecoins as it takes its tokenization business to Saudi Arabia. The…
The Solana price may still be trading well below previous highs, but activity across the…
Don't invest unless you're prepared to lose all the money you invest. This is a…
The ENA price continues to test investors' patience. While the token remains stuck near a…
Ripple has recently been making continuous progress in building its global digital asset infrastructure, including…
Ethereum price is once again attracting institutional attention after another wave of ETF inflows and…
