Tom Lee, Chairman of Bitmine Immersion Applied sciences (the world’s largest company holder of Ethereum), is strongly pushing an “$ETH 2.0 thesis.” In it, he says Ethereum ($ETH) is at an inflection level much like Amazon earlier than AWS or Nvidia earlier than the AI growth.
Ethereum enters “$ETH 2.0 period” amid Wall Road and AI adoption
In a current commentary titled “$ETH is the Treatment for the Uncanny Valley of Wealth,” Lee argued that at current $ETH is “grossly undervalued” as a result of retailers are “rage-quitting on the backside.” At press time, $ETH was buying and selling at $1,844, down 46.97% prior to now yr and 63% beneath its August 2025 all-time excessive of $4,953.
Supply: CoinMarketCap
Nonetheless, multi-billion-dollar firms’ tokenized merchandise resembling BlackRock’s BUIDL and JPMorgan’s MONY are proof that establishments are constructing on Ethereum’s long-term future.
Much more, massive companies resembling Bitmine are operating the community as validators even after the Ethereum Basis scaled again its footprint to simply 0.1% of $ETH’s circulating provide.
He additional helps Ethereum’s bullish case by noting that its safety and immutability place it on the forefront of agentic use in synthetic intelligence (AI). He additional tasks that Ether will evolve from a speculative coin right into a fee rail for automated computational energy.
$ETH value targets
Within the quick time period, Lee predicts $ETH may hit $2,200 by August this yr. In the long run, the venture targets $12,000 if Bitcoin hits $250,000. This could be pushed by a rotation of capital from Bitcoin and an enchancment within the present 0.029 $ETH/BTC alternate ratio.
He provides that $ETH may additional rise to $65,000 ought to it dominate as a worldwide funds community and settlement layer for tokenized real-world property (RWAs). Additional out, he units a $5 trillion market cap, implying a $250,000 multi-year goal.
