BlockBeats News, August 28, Tom Lee, chairman of BitMine's board, stated in an exclusive interview with Mario Nawfal that "the financial system will be restructured based on blockchain, reminiscent of the moment in 1971 when the dollar abandoned the gold standard, and Ethereum will be one of the major beneficiaries. I still have a very optimistic view of Bitcoin, which has the potential to reach $200,000 or even higher. As for Ethereum, I believe it has more room for growth because, with the development of blockchain and artificial intelligence, it possesses greater potential. Therefore, we refer to Ethereum as the biggest macro trade for the next 10 to 15 years. I believe that from now until the end of the year, Bitcoin has 2x upside potential, while Ethereum has more than 2x upside potential. However, in the long term, we have conducted some research and envisioned a five-year experiment, the result predicts that the final price of Ethereum will be around $60,000. Thus, Ethereum has enormous upside potential over the next 5 years."
In mid-2017, Tom Lee made his first public prediction that Bitcoin would reach $25,000 within five years (by 2022). In an interview with CNBC, he stated that Bitcoin is "eroding the demand for gold" and views it as "digital gold," with scarcity and value storage potential. At that time, the traditional financial community and some media mocked his prediction.
