Bitmine Chairman Tom Lee says ETH could rise above $10,000 within 12 months

  • Tom Lee said ETH could climb well above $10,000 during the next 12 months.
  • $10,000 was described by Lee as a conservative year-end target.
  • Lee said his 25-fold ETH scenario illustrated potential Bitmine shareholder returns, not a price forecast.

Bitmine Chairman Tom Lee said ETH could climb well above $10,000 over the next 12 months, although he is not certain it will reach that level by year-end. In a recent CoinDesk interview at Korea Blockchain Week, Lee described Arthur Hayes’ $10,000 year-end target as conservative. He also clarified that his reference to ETH rising 25-fold was a hypothetical calculation intended to illustrate potential shareholder returns for Bitmine, rather than a specific forecast for ETH’s price.

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