Circulates on social media that Tom Lee, president of BitMine, predicted Ethereum between US$25,000 and US$50,000 before the end of this year. I couldn’t find that figure in any coverage of his remarks. What was said at Token2049, in Singapore, on October 7, 2026, is something else.
What he said
Lee said that we are at the beginning of a "supercycle" and that, in about ten years, the traditional financial system will be tokenized. (kucoin)
He cited scenarios of US$22,000 and US$62,000 for ETH in this cycle. They are cycle targets, with no 2026 date. (kucoin)
About 2027 or 2028, he said in an interview that ETH could easily move past $10,000. (ccn)
The $250,000 target is long-term, with no defined date. (biggo)
Where is ETH today
On October 7, ETH was trading near $2,570. Reaching $22,000 would require more than 8 times the current price. Reaching $62,000, more than 24 times. (fxstreet)
The most concrete news: BitMine will stop buying
BitMine has 6,016,414 ETH, about 4.9% of the supply, and Lee said that only 100,000 ETH are left to reach 5%. At that point, weekly purchases stop. The company has been buying ETH every week since June 2025, which made it one of the most consistent demand sources in the market. BMNR shares fell by about 7% after the announcement. (BitMine Says It Will Stop Buying Ether Once It Hits 5% of Supply - Startup Fortune +2)
How to read these projections
In November 2025, Lee projected ETH to be between $7,000 and $9,000 by the end of January 2026. That didn’t happen. (ccn)
BitMine is the largest buyer of ETH in the market and, at the same time, the company he runs. His thesis is also the business he runs.
Price projections are an opinion, not a commitment.
Summary
Lee is optimistic, and his goals are huge, but they are not the ones that went viral. Before sharing a screenshot, check the source.
Informational content. Not investment advice.