Tom Lee: Bitcoin Could Surge to $250,000 in the Coming Months, Ethereum Poised to Reach $12,000

BlockBeats News, December 4th, Tom Lee, Chairman of Ethereum Treasury Company BitMine, stated at the Binance Blockchain Week event that he expects Bitcoin to rise to $250,000 in the coming months. He also mentioned that if the Ethereum-to-Bitcoin price ratio returns to the average level of the past eight years, the price of Ethereum could rise to around $12,000. He pointed out that Ethereum has started to break out of its five-year consolidation range, and the asset tokenization trend by 2025 will enhance Ethereum's utility value.

In his speech, Tom Lee also stated that BitMine will buy more Ethereum this week as they firmly believe that the current price is in the bottom range.