🚀 Tom Lee: ETH will rise 25-fold
At TOKEN2049, the head of BitMine said the company has nearly finished buying Ethereum: it now holds 6.016 million ETH — around 4.9% of the total supply. Once it reaches 5%, BitMine will stop buying altogether — Lee called that mark a “hard limit.”
And most interestingly, explaining the decision, he said the company is wrapping up its accumulation “ahead of a 25x move.”
In his scenario, the crypto market is only just entering a new supercycle, while the tokenization of traditional assets and the rise of AI agents will be among Ethereum’s main drivers.
$ETH
$USDC
At TOKEN2049, the head of BitMine said the company has nearly finished buying Ethereum: it now holds 6.016 million ETH — around 4.9% of the total supply. Once it reaches 5%, BitMine will stop buying altogether — Lee called that mark a “hard limit.”
And most interestingly, explaining the decision, he said the company is wrapping up its accumulation “ahead of a 25x move.”
In his scenario, the crypto market is only just entering a new supercycle, while the tokenization of traditional assets and the rise of AI agents will be among Ethereum’s main drivers.
$ETH
$USDC
