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$62,000 Ethereum? Tom Lee Revives Bullish Call For 2026

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Tom Lee has reiterated probably the most aggressive Ethereum targets available in the market, telling attendees at Binance Blockchain Week on 4 December that ETH may finally commerce at $62,000 because it turns into the core infrastructure for tokenized finance.

“Okay, so let me clarify to you why Ethereum, now that we’ve talked about crypto, […] is the way forward for finance,” Lee stated on stage. He framed 2025 as Ethereum’s “1971 moment,” drawing a direct analogy to when the US greenback left the gold normal and triggered a wave of economic innovation.

Lee’s Thesis For Ethereum

“In 1971, the greenback went off the gold normal. And in 1971, it galvanized Wall Street to create monetary merchandise to ensure the greenback can be the reserve foreign money,” Lee argued. “Well, in 2025, we’re tokenizing everything. So it’s not simply the greenback that’s getting tokenized, but it surely’s shares, bonds, actual property.”

In his view, this shift positions ETH as the first settlement and execution layer for tokenized belongings. “Wall Street is, once more, going to reap the benefits of that and create merchandise onto a sensible contract platform. And the place they’re constructing that is on Ethereum,” he stated. Lee pointed to present real-world asset experiments as early proof, noting that “the vast majority of this, the overwhelming majority, is being constructed on Ethereum,” and including that “Ethereum has gained the sensible contract conflict.”

Lee additionally harassed that ETH’s market habits has not but mirrored that structural position. “As , ETH has been vary certain for 5 years, as I’ve shaded right here. But it’s begun to interrupt out,” he informed the viewers, explaining why he “obtained very concerned with Ethereum by turning Bitmine into an ETH treasury company, as a result of we noticed this breakout coming.”

The core of his valuation case is expressed by way of the ETH/BTC ratio. Lee expects Bitcoin to maneuver sharply increased within the close to time period: “I believe Bitcoin goes to get to $250,000 inside a number of months.” From there, he derives two key ETH eventualities.

First, if the ETH/BTC value relationship merely reverts to its historic imply, he sees substantial upside. “If ETH value ratio to Bitcoin will get again to its eight 12 months common, that’s $12,000 for Ethereum,” he stated. Second, in a extra aggressive case the place ETH appreciates to 1 / 4 of Bitcoin’s value, his long-standing $62,000 goal emerges: “If it will get to 0.25 relative to Bitcoin, that’s $62,000.”

Lee hyperlinks these ratios on to the tokenization narrative. “If 2026 is about tokenization, meaning Ether’s utility worth needs to be rising. Therefore, it’s best to watch this ratio,” he informed the group, arguing that valuation ought to observe rising demand for ETH blockspace and its position as “the fee rails of the longer term.”

He concluded with a pointed evaluation of present ranges: “I believe Ethereum at $3,000, after all, is grossly undervalued.”

At press time, ETH traded at $3,128.

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