{"id":39249,"date":"2025-07-29T04:46:48","date_gmt":"2025-07-29T04:46:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39249"},"modified":"2025-07-29T04:46:48","modified_gmt":"2025-07-29T04:46:48","slug":"will-eth-price-reach-60k-tom-lees-bitmine-thinks-so","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39249","title":{"rendered":"Will ETH Price Reach $60K? Tom Lee\u2019s Bitmine Thinks So"},"content":{"rendered":"
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Ether prices have skyrocketed 150% since their April lows below $1,500 to come just shy of $4,000 this week.<\/p>\n

The massive move has been driven by institutional exchange-traded products<\/a> and a new wave of treasury companies scooping up the asset, and one of those firms thinks ETH is extremely undervalued.<\/p>\n

Tom Lee\u2019s<\/a> ETH treasury firm Bitmine Immersion Technologies has posted its first presentation titled \u201cThe Alchemy of 5%\u201d on Monday, and in it are some wild predictions.<\/p>\n

ETH Valuation at $60K<\/h2>\n
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\u201cMany on Wall Street say Ethereum is the \u2018biggest macro trade over the next decade\u2019,\u201d the firm stated.<\/p>\n<\/blockquote>\n

It cited Lee\u2019s comment that stablecoins were a \u201cChatGPT moment\u201d for crypto, US Treasury Secretary Scott Bessent\u2019s prediction that stablecoin market capitalization will see a tenfold increase, 60% of them are on Ethereum, and Wall Street is tokenizing assets onto Ethereum.<\/p>\n

Bitmine stated that it asked several research firms to assign a \u201creplacement\u201d value to Wall Street for ETH, and they reported an implied value of $60,000 per unit.<\/p>\n

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Several research firms estimate $ETH<\/a> to reach $60,000 per token<\/p>\n

\u2013 ETH is $3,800 now<\/p>\n

Tom Lee @fundstrat<\/a>, gentleman and scholar , is Chairman of Bitmine $BMNR<\/a> https:\/\/t.co\/Bm05TFHToQ<\/a><\/p>\n

\u2014 Bitmine BMNR (@BitMNR) July 28, 2025<\/a><\/p>\n<\/blockquote>\n