Tom Lee, co-founder of Fundstrat and Chairman of BitMine Immersion Technologies, has called Ethereum the 'Biggest Macro Trade of the Next Decade'. While acknowledging Bitcoin's role as a store of value, he emphasizes that Ethereum is playing an increasingly important role in the digitization of assets.

Is Ethereum the Future? Tom Lee Reveals the Cryptocurrency Bet of the Decade

In a recent interview with Natalie Brunell on Coin Stories, Tom Lee, who has long supported Bitcoin and is also a proponent of Ethereum, emphasized that there is no conflict between these two cryptocurrencies. Why? Because both Bitcoin and Ethereum play unique and valuable roles in the cryptocurrency ecosystem.

He views Bitcoin as a store of value and notes that it is replacing gold. However, he emphasizes that the utility of Ethereum does not stop at storing value. Lee explains that the world is shifting towards digitization, and Ethereum plays a key role in that process.

“So, we are storing information, and we are tokenizing businesses… and dollars… Stablecoins are currently the biggest buyer of treasury bonds. You don’t have to worry about deficits because stablecoins will buy the debt. This is the ChatGPT moment for cryptocurrency because what has happened is the first breakthrough application for cryptocurrency has emerged and is now widely adopted, which is stablecoins,” he said.

He added that this shift has encouraged Wall Street to tokenize assets and explore blockchain for financialization. This requires smart contracts.

While Bitcoin paved the way by demonstrating that digital assets can create value, Lee believes that Ethereum, with its secure and regulatory-compliant foundation, is the top choice for stablecoins and tokenized assets.

“In 2017, when I first wrote about Bitcoin, I saw this as the moment Wall Street finally recognized the importance of Bitcoin…. I think Ethereum is having its 2017 moment because this is the time Wall Street will seriously consider tokenization, and it is happening on Ethereum. I really believe this is the biggest macro trade of the next decade,” Lee commented.

The CEO of BitMine also argued that the risks associated with Ethereum are minimal compared to the fragility of the traditional financial system. He pointed out that even top institutions like JP Morgan face suspicious transactions. In this context, Ethereum offers superior security and resilience.

When asked which asset he would choose to invest in over the next 10 years, between BTC and ETH, Lee stated,

“If I had to choose because I am the president of BitMine, an Ethereum investment fund, of course, I would choose Ethereum.”

These comments came in the context of BitMine continuing to double its ETH investment. BeInCrypto reported that the amount of ETH the company holds has surpassed 833,000 ETH earlier this week, making it the largest ETH reserve of a business.

Meanwhile, Lee and BitMine are not the only ones optimistic about Ethereum. BitPay's Revenue Director, Bill Zielke, recently emphasized the continued adoption of Ethereum in an exclusive interview with BeInCrypto.

“For users and retailers, BitPay is consistently ranked as the third most popular blockchain for cryptocurrency payments. And when it comes to stablecoins, with soaring usage in recent quarters, Ethereum even holds a larger market share. By 2025, payments and settlements using Ethereum will account for 95% of BitPay's stablecoin volume,” Zielke commented.

He pointed out that Ethereum is evolving into a modular ecosystem that can scale, balancing decentralization and performance. These advancements are crucial for unlocking more applications, including micropayments, enterprise-scale payment infrastructure, etc., further solidifying Ethereum's position in the changing digital economy.