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Tom Lee: Bitcoin could reach up to 2.2 million dollars if it aligns with gold prices, and Ethereum's long-term price could go up to 62,000 dollars.
According to Jinse Finance's live report, on October 1, 2025, Tom Lee pointed out during his speech at the Token 2049 event in Singapore that 2025 is a key macro transition point for Wall Street since the dollar depeg from gold in 1971. He believes that if the Bitcoin network value aligns with gold (the current Bitcoin network value is only about 10% of gold), its price potential is significant — if it only reaches 10% of gold's network value, the price of Bitcoin could reach $140,000; if it matches or even exceeds the network value of gold, the price could go as high as $2.2 million. If the price ratio of Ethereum to Bitcoin recovers to the 2021 high of 0.087, based on a Bitcoin price of 250,000 USD by the end of the year, the price of Ethereum could reach 22,000 USD; in the long term, its price is expected to rise to 62,000 USD. In addition, Tom Lee also mentioned that stablecoins, as “tokenized dollars,” could strengthen the dominance of the dollar. Currently holding 280 billion USD in government bonds, it may become the largest holder of government bonds in the world in the future, with a market size expected to reach 4 trillion USD.