Tom Lee Predicts Ethereum to Reach $60,000 in 5 Years, with Over 2x Upside Potential by Year-End

BlockBeats News, August 28th, BitMine Chairman Tom Lee said in an exclusive interview with Mario Nawfal that "the financial system will be rebuilt based on blockchain, reminiscent of the moment when the US dollar went off the gold standard in 1971, and Ethereum will be one of the major beneficiaries. I am still very bullish on Bitcoin, which could reach $200,000 or even higher. As for Ethereum, I believe it has greater upside potential because with the development of blockchain and artificial intelligence, it has more potential. Therefore, we refer to Ethereum as the largest macro opportunity for the next 10 to 15 years. I think from now until the end of the year, Bitcoin has a potential for a 2x increase, while Ethereum has over a 2x increase. However, in the long term, we have conducted some research and envisioned a five-year experiment, with the result predicting Ethereum's ultimate price to be around $60,000. Therefore, Ethereum has tremendous upside potential in the next 5 years."

In mid-2017, Tom Lee publicly predicted for the first time that Bitcoin would reach $25,000 within five years (by 2022). In an interview with CNBC, he said that Bitcoin is "eroding the demand for gold" and sees it as "digital gold" with scarcity and potential for value storage. At that time, the traditional financial world and some media outlets mocked his prediction.