The analyst and co-founder of Fundstrat 📊, a financial research firm specializing in digital currencies and digital market analysis, Tom Lee, known for his successful predictions in the cryptocurrency market, analyzed the new "Crypto Project" initiative launched by the U.S. Securities and Exchange Commission (SEC). 🇺🇸
According to what he mentioned to me, this step could pave the way for a new era for Ethereum (ETH). 🚀
He pointed out that Ethereum's performance against Bitcoin has been strong since April, with the ETH/BTC ratio rising consistently. He explained that Wall Street's growing interest in Ethereum is the main factor behind this progress. 💼📈
He also described the development of stablecoins on the Ethereum network as representing the "ChatGPT moment" in the blockchain world, referring to the revolutionary shift it represents. 🤖⚡
He confirmed to me that the "Crypto Project" initiative, which was jointly announced by the SEC and the White House, aims to establish the global leadership of the United States by moving financial markets to blockchain technology. He said: "This means we are entering the golden age of finance." ✨🏦
He also added that Ethereum is considered:
The largest smart contract network,
The most compliant with U.S. laws,
And it has not experienced any interruption in its operations since its inception,
According to JPMorgan, major companies like Robinhood prefer to use ETH in digital tokenization operations. 🔗
🔸 Price forecasts:
In the short term, Tom Lee expects the ETH/BTC ratio to return to last year's levels (around 0.0500). In this scenario, the price of Ethereum could reach $5,707 if Bitcoin is at $114,000. 💰
The digital asset team at Fundstrat also predicted that the fair value of Ethereum in the next twelve months will reach between $10,000 and $20,000. 🚀📊
⚠️ Disclaimer: This is not investment advice.