If we really come to think about it, predictions like $200K $BTC and $12K ETH are more about long term bullish scenarios than certainties. Tom Lee has a history of leaning optimistic on crypto, and while his calls sometimes capture the broader trend, the exact timing and targets are never guaranteed. For Bitcoin to reach $200K and $ETH $12K by end of 2026, everything would need to align, strong institutional inflows, continued ETF demand, favorable global liquidity and a sustained risk on environment. That’s possible in a strong bull cycle, but it’s still an aggressive outcome rather than a base expectation. So it’s less about whether it can happen in theory, and more about whether the market conditions will stay supportive long enough for those kinds of multiples to play out.