According to Jincheng Finance, Tom Lee, co-founder of Fundstrat and chairman of Ethereum treasury company Bitmine Immersion (BMNR), stated that the cryptocurrency market may rebound. Some investors do not believe this rebound is real, which is precisely why the crypto market could rise, as 'since 2020, investors have underestimated every recovery. This time is no exception.' Tom Lee further noted that the traditional finance industry, led by Wall Street, is steadily and quietly increasing investments in cryptocurrencies. ETH is benefiting from Wall Street's push for tokenization, and Ethereum has never experienced a downtime, which is crucial for banks. Based on fundamental estimates, ETH should be worth $15,000 (currently priced at $3,700). He believes the real issue is that institutional investors' acceptance of ETH is underestimated, and we are currently only in a mid-term phase.
