Tom Lee reiterated one of the most aggressive Ethereum targets in the market, telling attendees at Binance Blockchain Week on December 4 that ETH could eventually trade at $62,000 as it becomes the core infrastructure for tokenized finance.
“Okay, so let me explain to you why Ethereum, now that we’ve talked about crypto, (…) is the future of finance,” Lee said on stage. He described 2025 as Ethereum’s “1971 moment,” drawing a direct analogy to when the U.S. dollar left the gold standard and sparked a wave of financial innovation.
Lee’s thesis for Ethereum
“In 1971, the dollar moved away from the gold standard. And in 1971, that prompted Wall Street to create financial products to ensure that the dollar would be the reserve currency,” Lee explained. “Well, in 2025 we will tokenize everything. So it’s not just the dollar that will be tokenized, but also stocks, bonds and real estate.”
In his view, this change positions ETH as the primary settlement and execution layer for tokenized assets. “Wall Street is going to take advantage of this again and build products on a smart contract platform. And they’re building that on Ethereum,” he said. Lee pointed to current experiments on real-world assets as early evidence, noting that “the majority, the vast majority, are built on Ethereum,” and adding that “Ethereum has won the smart contract war.”
Lee also pointed out that ETH’s behavior in the market has not yet reflected this structural role. “As you know, ETH has been limited for five years, as I shaded here. But it started to break out,” he told the audience, explaining why he “got very involved in Ethereum by turning Bitmine into an ETH treasury company, because we saw this breakthrough coming.”
The heart of its valuation argument is expressed through the ETH/BTC ratio. Lee expects Bitcoin to rise sharply in the short term: “I think Bitcoin will hit $250,000 within a few months. » From this, two key scenarios for ETH are derived.
First, if the ETH/BTC price relationship simply returns to its historical average, he sees substantial upside potential. “If the ETH/Bitcoin price ratio returns to its eight-year average, that’s $12,000 for Ethereum,” he said. Second, in a more aggressive case where ETH appreciates up to a quarter of the price of Bitcoin, its long-time target of $62,000 appears: “If it hits 0.25 against Bitcoin, that’s $62,000. »
🔥 TOM LEE CALLS FOR $62,000 $ETH
“I think Ethereum is going to be the future of finance, the payment channels of the future and if it hits 0.25 to Bitcoin, that’s $62,000. Ethereum at $3,000 is grossly undervalued.” pic.twitter.com/VydvLou9IE
– CryptosRus (@CryptosR_Us) December 4, 2025
Lee connects these ratios directly to the tokenization narrative. “If 2026 is about tokenization, that means the utility value of Ether is expected to increase. Therefore, you should watch this ratio,” he told the crowd, saying the valuation should follow the growing demand for the ETH block space and its role as “payment rails of the future.”
He concluded with a pointed assessment of current levels: “I think Ethereum at $3,000, of course, is vastly undervalued. »
At press time, ETH was trading at $3,128.
Featured image created with DALL.E, chart from TradingView.com
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