Tom Lee: Bitcoin may reach $250,000 by the end of the year, and Ethereum's potential value may exceed $60,000

  • BitMine Chairman and Fundstrat co-founder Tom Lee forecasts Bitcoin could reach $250,000 by year-end.
  • He estimates Ethereum's price could range between $12,000 and $22,000 based on the ETH/BTC ratio at that Bitcoin price level.
  • Lee also suggests Ethereum's implied value could be around $60,000 when considering alternative payment and banking system costs, potentially pushing its price to $62,000.
Summary

In the "BitMine Chairman's Message" recently released 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, the ETH/BTC ratio will revert to the range of Ethereum between $12,000 and $22,000.

However, he further pointed out that if estimated from the perspective of the cost of alternative payment channels and the banking system, the implied value of Ethereum is about US$60,000, and the corresponding ETH/BTC ratio will increase to about 2.5, and the estimated price level will reach US$62,000.

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Author: PA影音

This content is for informational purposes only and does not constitute investment advice.

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