According to ChainCatcher, in an exclusive interview with Mario Nawfal, BitMine board chairman Tom Lee stated, 'The financial system will be reconstructed based on blockchain, reminiscent of the moment in 1971 when the dollar abandoned the gold standard, with Ethereum being one of the major beneficiaries. I remain very optimistic about Bitcoin, which has the potential to reach $200,000 or even higher. As for Ethereum, I believe it has greater room for growth because, with the development of blockchain and artificial intelligence, it has more potential. Therefore, we refer to Ethereum as the biggest macro trade in the next 10 to 15 years. I think Bitcoin has the potential to double in value from now until the end of the year, while Ethereum has the potential to increase by more than double. However, in the long term, we have conducted some research and envisioned a five-year experiment, predicting that the eventual price of Ethereum would be around $60,000. Therefore, Ethereum has immense growth potential over the next five years.'
In mid-2017, Tom Lee publicly predicted for the first time that Bitcoin would reach $25,000 within five years (by 2022). In an interview with CNBC, he stated that Bitcoin was 'eroding the demand for gold' and viewed it as 'digital gold' with scarcity and potential as a store of value. At that time, the traditional financial sector and some media mocked his prediction.
