KZG Crypto
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Bitmine Chairman Tom Lee stated that ETH should be valued at $15,000 based on fundamentals, while its current price is only $3,700.
He mentioned that Wall Street is quietly buying cryptocurrencies, and that ETH has never gone down, which is important for banks.
This guy has always been quite the talker, but this time he makes some sense.
The adoption by institutions is indeed severely underestimated, especially in the area of tokenization where Wall Street is making moves.
However, the target price of $15,000 seems a bit too aggressive, especially with the current poor market sentiment; let's first see ETH stabilize at $4,000.
Given that ETH fell below $3,500 today, it feels like this $15,000 target is just a dream in the short term.
He mentioned that Wall Street is quietly buying cryptocurrencies, and that ETH has never gone down, which is important for banks.
This guy has always been quite the talker, but this time he makes some sense.
The adoption by institutions is indeed severely underestimated, especially in the area of tokenization where Wall Street is making moves.
However, the target price of $15,000 seems a bit too aggressive, especially with the current poor market sentiment; let's first see ETH stabilize at $4,000.
Given that ETH fell below $3,500 today, it feels like this $15,000 target is just a dream in the short term.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
4,451.73
+0.50%
