Ethereum at $ 5,500 in weeks, $ 12,000 at the end of the year: Tom Lee

The co-founder of Fundstrat, Tom Lee, presented a thesis of Taurus Ethereum focused on politics and focused on policies in an interview on August 26, arguing that an American regulatory pivot, Wall Street’s decision to the chain infrastructure and an institutional request during public cash for a fourth quarter-quot. “In the short term, you know, $ 5,500 should occur over the next two weeks,” said Lee, adding that the ETH at the end of the year “should be closer to $ 10,000 to $ 12,000”, with most of the annual crypto gains by generally arriving at the fourth fourth.

“Moment of 1971 by Ethereum” by Ethereum

The brain behind the Bitmine 2025 Bitmine Cashmark strategy as a structural break comparable to the US dollar break in 1971 in gold. In his opinion, Washington’s posture went from crypto as a threat to position it as a financial leadership instrument. “In the past 12 months, there has been a sea change, partly because of the elections, where the crypto is no longer considered an enemy … But is really part of the way the American financial system will obtain leadership,” said Lee.

He underlined the stablecoins – “the product of the rupture, you know, the cat -gpt moment” – the proposed act of genius and what he called the “project crypto”, affirming that these signals show that regulators want “Wall Street to use blockchain to make America more innovative and in fact spread the financial influence of America”.

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From there, Lee’s thesis is concentrated on Ethereum as a default institutional settlement layer. “Wall Street does not want the fastest channel … They want a reliable channel on which they can rely. Ethereum had no stops in all its history. So for me, it’s natural selection. “

Calling Ethereum A “fat protocol”, he argued that the value accumulates to the base layer while the tokenization and payment rails migrate in chain. Citing work “mosaics and backgrounds”, Lee said that if the network captures major payment and bank flows, “you get a network value of $ 60,000 per ETH” on a horizon of 10 to 15 years.

Bitmine strategy

A substantial part of the conversation focused on the public capital vehicle which he chairs, Bitmin, which he described as an actively managed Ethereum treasure. Lee contrasted ETH holding to the possession of a company that uses capital markets to extend ETH by action. “When Bitmin started … There were only $ 4 of Ethereum per share,” he said about a reference base of July 8.

“Since August 24, we now have $ 39.84 of Ethereum per share … So the reason why we had once in your assets is that Bitmina actively succeeds in developing your Ethereum held by Action by using the capital markets and attracting the interests of institutional investors.”

He argued that this approach can be “anti-dilutive” when executed at a capital premium at the value of net assets: “If your ETH per action increases, none of the capital markets is diluted.” Lee added that Bitmin has “an action buy -back program of $ 1 billion in place, because if the action becomes too cheerful compared to its ETH assets, it would be more logical to buy stocks.”

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On the strategy, Lee described the ambition to control around 5% of the marked ETH, claiming an effect of “electricity law” as the network’s importance scales. “If you are an entity of stake that holds 5%, you have a positive influence on future upgrades … (and) one of the most important vectors when Wall Street wants to rely on Ethereum,” he said. With the mechanics of evidence of Ethereum, he said that current assets could generate substantial income: “With the value of the ETH of $ 9 billion owned today, or nearly 300 million dollars in net income.”

Tom Lee macro view

The institutional demand, according to Lee, finally turns to ETH via packaging and regulated actions, even if many important beneficiaries still in the sub-step. “Ethereum is generally not appreciated by the institutions because most of them bet on Bitcoin … This is why Ethereum is probably falling into … The most hated rally,” he said, noting that eTH gains from the year at the beginning of the year have exceeded 17% Bitcoin. “”

Lee’s macro superposition extends beyond the crypto. He reiterated a constructive vision of subordinate equity to the relaxation of the federal reserve and a cyclical recovery. “If the Fed follows and starts to cut … Then we get a drop in mortgage rates and the ISM presents itself and, therefore, finances are really starting to participate, I think that is why we reach around 6800 on the S&P,” he said. While acknowledging that “September is the month that everyone will worry”, he qualified all declines as bought: “Since 2022 … This has always been an opportunity to buy decrease.”

At the time of the press, ETH exchanged $ 4,614.

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