According to Mars Finance, on August 28, BitMine Board Chairman Tom Lee stated in an exclusive interview with Mario Nawfal, "The financial system will be reconstructed based on blockchain, reminiscent of the moment in 1971 when the dollar abandoned the gold standard. Ethereum will be one of the main beneficiaries. I am still very optimistic about Bitcoin, as it has the potential to reach $200,000 or even higher. Regarding Ethereum, I believe it has more room for growth because, with the development of blockchain and artificial intelligence, it possesses more potential. Therefore, we refer to Ethereum as the largest macro trade of the next 10 to 15 years. I think Bitcoin has a potential to double its price by the end of the year, while Ethereum has more than double the potential. However, in the long term, we conducted some research and envisioned a five-year experiment, predicting that the final price of Ethereum will be around $60,000. Therefore, Ethereum has tremendous potential for growth in 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 was "eroding the demand for gold" and considered it as "digital gold," possessing scarcity and value storage potential. At that time, traditional financial circles and some media mocked his predictions.
