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Benzinga
Benzinga
Business
Murtuza J Merchant

Tom Lee: Ethereum Could Reach $62,000 If It Hits This ETH/BTC Ratio

Ethereum Fundstrat Bitcoin BitMine
Ethereum Coin

Tom Lee, Chief Investment Officer at Fundstrat Capital and Chairman of Bitmine (AMEX:BMNR) on Wednesday outlined how Ethereum (CRYPTO: ETH) could eventually be valued at $62,000 per token.

What Happened: Speaking in a presentation, Lee broke down the case using historical price bases, the Ethereum-to-Bitcoin ratio, and the potential of Ethereum as financial infrastructure.

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