Tom Lee Discusses the Potential Growth Space of Bitcoin and Ethereum

Bitmine Chairman Tom Lee, in an interview with ARK Invest on October 16, discussed the value logic and market prospects of Bitcoin and Ethereum. He is optimistic about their future performance, believing that Ethereum should be viewed as a monetary foundation and standard. Even in theoretical scenarios where Layer 2 (L2) does not pay Gas fees to Layer 1 (L1), its monetary property can still assign value, similar to how stocks priced in US dollars support the dollar’s value. In practice, L2 will support L1, and future banks built on Ethereum will also participate in ETH Stake. He mentioned MicroStrategy, or other US giants holding Bitcoin, and drew a parallel suggesting that the current ETH price of around $4,500 could rise to $60,000, representing a 15-fold increase. Coupled with NAV expansion, this could lead to a significant rise in existing Ethereum inventory stocks, with several related companies potentially reaching market capitalizations of hundreds of billions of dollars.