In the recent release of "BitMine Chairman’s Message" by BitMine, Tom Lee, Chairman of the BitMine Board and Co-Founder of Fundstrat, shared his latest outlook on Bitcoin and Ethereum.
Tom Lee stated that Fundstrat's year-end target price for Bitcoin is $250,000. Based on this, when the BTC price reaches this level, according to the ETH/BTC ratio, the price range for Ethereum is approximately between $12,000 and $22,000.
However, he further pointed out that if we estimate the implied value of Ethereum from the cost perspective of alternative payment channels and the banking system, it would be around $60,000, and the corresponding ETH/BTC ratio would increase to approximately 2.5, projecting the price level to reach $62,000.
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Tom Lee: Bitcoin may reach $250,000 by the end of the year, with Ethereum's potential value exceeding $60,000.
In the recent release of "BitMine Chairman’s Message" by BitMine, Tom Lee, Chairman of the BitMine Board and Co-Founder of Fundstrat, shared his latest outlook on Bitcoin and Ethereum.
Tom Lee stated that Fundstrat's year-end target price for Bitcoin is $250,000. Based on this, when the BTC price reaches this level, according to the ETH/BTC ratio, the price range for Ethereum is approximately between $12,000 and $22,000.
However, he further pointed out that if we estimate the implied value of Ethereum from the cost perspective of alternative payment channels and the banking system, it would be around $60,000, and the corresponding ETH/BTC ratio would increase to approximately 2.5, projecting the price level to reach $62,000.