Tom Lee Says Current Ethereum Prices Are ‘Future Optionality At A Discount’
Ethereum (CRYPTO: ETH) has already set its cycle bottom, according to BitMine Immersion Technologies (NYSE:BMNR) Chairman Tom Lee.
Lee Says Ethereum Bottomed In November
Lee said on Wednesday in a podcast that Ethereum’s recent decline toward the $3,000 level did not change his long-term view and argued that volatility at lower prices makes accumulation easier for institutional buyers.
He added that BitMine doubled its purchasing pace over the past two weeks and will stake more than 3.7 million ETH in phases as part of its internal yield infrastructure.
Lee noted that Ethereum’s previous bear cycles bottomed in November and said this year followed the same pattern.
He described the recent downturn as an “opportunity zone” rather than a structural breakdown.
Why Lee Views ETH As A Multi-Trillion-Dollar Asset
Lee told the host that Ethereum remains one of his highest conviction ideas for the next decade.
He framed ETH’s valuation through two lenses: its long-term price ratio relative to Bitcoin (CRYPTO: BTC) and its potential network value once tokenization, AI infrastructure and on-chain financial services scale.
Lee said Ethereum’s historical ratio of 0.08 to Bitcoin implies a theoretical value near $16,000 if Bitcoin reaches $200,000.
He also said the network’s role in powering decentralized finance and …
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