Tom Lee, the Chairman of BitMine and Co-Founder of Fundstrat, said that Ethereum (ETH) is a “truly neutral chain” that will be the top choice for Wall Street and the White House. He also predicted a “super cycle” of ETH = that would last 10 to 15 years.
Talking at the Korea Blockchain Week 2025, he said that Wall Street only conducts business on neutral chains. He also predicted that Bitcoin would be worth between $200,000 and $250,000, and Ethereum would be worth between $10,000 and $12,000 by the end of the year.
Lee says that Ethereum could even break previous highs and reach $12,000 to $15,000, as highlighted by PANews in an X post.
Korea Blockchain Week 2025 is an ongoing annual event that started from September 22 in Seoul. The event centers on artificial intelligence (AI), real-world asset tokenization (RWA), gaming, and Web3 innovation, as well as blockchain regulation and policy shifts. This year’s edition has been able to draw institutional investors, policymakers, and builders from across the world.
Lee also mentioned that, under the U.S. President Donald Trump’s administration, both the White House and Congress are supporting cryptocurrencies, with a primary inclination toward Ethereum.
BitMine eyeing ETH assets
Tom Lee’s comments come at a time when BitMine is heavily investing in Ethereum-based assets. As per Strategic ETH Reserve data, BitMine now owns about 2.42 million ETH, which is 2% of the total supply of Ethereum. They recently invested $365 million to buy more through a share issuance and warrants. This makes BitMine the largest company that owns ETH.
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