Tom Lee draws the path of $ 62,500

The president of Bitmine, Tom Lee, has long-term a long-term executive of Ethereum to an explicit ratio framework and a “replacement-consum” objective on global payment rails. In his “Message from the President” of September 2, the co -founder of Fundstrat Center The analysis of the ETH / BTC cross and an anchor with end -of -year end -of -year of $ 250,000, using a slide grid to translate the ratio levels into ETH spot target – then extend the calculation to a scenario of $ 62,500 if the colony colony battery of Wall Street Ethereum.

Why Ethereum could go up to $ 62,500

“The average Ethereum / Bitcoin ratio at 8 years is 0.04790 and it is currently 0.0432, which means that we are lower than the long -term average. The top of all time in this ratio was 0.0873”, explains Lee. “Of course, it started above, but I am talking about the top of all time in 2021. So we think that not only Ethereum should get back in the long term in the long term, but it should probably reach the high ratio of all time and undoubtedly exceed it while we are starting to speak of Ethereum acting as a chain for both Wall Street to build its payment rails and the financial system as well as the AI.”

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He then crosses the basic exhibition. “So let’s think about what it means for the price. I have a grid here. On the left side is the price of Bitcoin price, then the levels are of different levels on the Ethereum / Bitcoin side. high.

The slideshow shows: If BTC costs $ 250,000 and ETH is simply negotiated in the average ratio, this implies ~ $ 12,000; If ETH recovers its high 2021 ratio from ~ 0.087, this jumps close to ~ $ 22,000. “But it’s just a cover of the ratio,” continues Lee. “If you look at the cost of replacing payment rails and the banking system, this brings you to an implicit Ethereum value of around $ 60,000.

Lee frames this mathematical ratio-premier in a broader structural thesis in which Ethereum enters a “moment of 1971” for finance, because active active people are synthesized in chain instruments and that stablescoins develop as digital basic money. The short -term digital anchor is printing 0.0432 ETH / BTC seated below the average of eight years of 0.04790; The medium-term objective is a reversion to, and potentially beyond, the top of 2021 it cites. The grid translates these Waypoints into discreet ethn price to a fixed Bitcoin reference, which is why Lee emphasizes the two variables in tandem rather than an ETH trajectory only.

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Beyond the grid, Lee maintains that Ethereum captures the largest part of token financial activity and that its economy of proof of implementation is aligned with the way in which regulated institutions pay for safety and availability today. In its account, banks and market operators already finance thin infrastructure stacks; The development of the ETH to guarantee common rails could replace these expenses while returning an indigenous yield, an incentive which, according to him, pushes the ETH / BTC ratio above as the risk capital and the cash flows migrate.

This is also where the “Coast replacement” view fuels the result of $ 62,500: Si Ethereum becomes the settlement substrate for payment networks, token credit and equity, and data rights related to AI, the market must assess the ETH on the value of the rails which it replaces rather than only the multiple historicals or the cycling.

The message also places the Bitmin of Bitmine corporate plan inside this macro arc. Lee describes the Bitmin as an Ethereum cash company built to worsen ETH by action via five levers – equity issued above the NAV, a monetization of volatility linked to actions, operating cash flows, milestone rewards and mergers and acquisitions for cash near the navigation of the Navor – argument of this study study.

Lee’s mathematics make the dependencies explicit: an anchor of Bitcoin around $ 250,000 and an ETH / BTC progresses first towards the long -term average (~ 0.048), then towards PIC 2021 (~ 0.0873), and, in the spare scenario costs, ~ 0.25. The first two steps involve ~ $ 12,000 at $ 22,000 ETH on its grid; The third defines the “rushed” affair of $ 62,500 linked to the migration in financial flocking and the AI ​​era regulation on Ethereum. As he says: “This is how you reach $ 62,500 by Token Ethereum.”

At the time of the press, ETH exchanged $ 4,377.

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