In the cryptocurrency mining company BitMine Immersion Technologies, they seriously expect the price of Ethereum to rise to $60,000. $ETH

Several research firms believe that the price of ETH will reach $60,000. Currently, the coin is priced at $3,800, — wrote Bitmain employees.

If this bordering-on-madness forecast turns out to be correct, buying Ethereum at the current price of $3,793 would allow for nearly a 16-fold increase in capital.

The BitMine publication does not specify how long it will take for the ETH price to rise to $60,000. However, in a video titled "Alchemy 5%", the head of the company, Tom Lee, explained why the cryptocurrency is considered incredibly promising. According to him, the increase in the price of ETH will be driven by:

The growth of the number of stablecoins and tokenized assets issued on the Ethereum network;

The increasing popularity of DeFi and programmable financial instruments;

The gradual reduction of the amount of ETH in circulation.

Tom Lee

Ethereum will be able to make a giant leap forward because, as Tom believes, it represents "digital oil", playing the role of fuel for the engine of progress in the blockchain industry. Honestly, it's hard to believe.