Tom Lee, co-founder of Fundstrat and President of BitMine, stated that Ethereum 
$2,295 has become the neutral blockchain favored by Wall Street and the White House. Speaking at the Impact conference of Korea Blockchain Week 2025, Lee also unveiled his year-end price targets for Bitcoin 
$78,258 and Ethereum.
BitMine’s Ethereum Treasure
Lee emphasized Ethereum’s neutral stance in the financial world and noted that the U.S. Congress and the White House, especially under the Trump administration, have adopted a warmer approach to cryptocurrencies. This orientation is heavily focused on Ethereum, and he posited that AI and robotic economies will also be supported by Ethereum-based solutions.
BitMine’s focus on Ethereum has led to a significant increase in its market value from $37.6 million in June to $9.45 billion. The company now holds a total of 2.15 million ETH, making it the largest Ethereum treasury in the world. According to Ethereum Treasuries data, BitMine ranks second in the cryptocurrency market following Strategy.
Lee highlighted that the daily trading volumes of BitMine and Strategy are $3 billion and $3.4 billion, respectively. These two companies, which account for 90% of the total volume, are preferred by major institutional investors, indicating a concentration of interest in them.
Lee’s Year-End Price Targets for Bitcoin and Ethereum
Lee projected that Bitcoin could demonstrate strong performance in the last quarter of the year, with prices ranging between $200,000 and $250,000. This expectation is supported by the Federal Reserve’s shift in monetary policy.
He also conveyed his optimistic outlook for Ethereum, suggesting that its price might rise to between $10,000 and $12,000. Lee expects Ethereum’s price ratio compared to Bitcoin to return to five-year highs and mentioned potential price discovery in the $12,000 to $15,000 range for Ethereum.
These predictions align with projections from Mark Newton, Fundstrat’s director of technical analysis, indicating a broader acceptance of Ethereum in the market. Lee also pointed out the possibility of Ethereum surpassing its previous peaks, leading to the commencement of a longer-term process.
