At Blockchain Week in South Korea, crypto analyst and BitMine founder Tom Lee stated that Ethereum (ETH) could soon become the backbone of crypto adoption on Wall Street and even within the U.S. government.
Lee predicted that Ethereum’s price could surge to $12,000 by the end of this year.
Ethereum (ETH) as a Neutral Chain
According to Tom Lee, Ethereum (ETH) is a “neutral chain” that rejects centralization and political bias. This neutrality makes Ethereum the preferred choice for major Wall Street institutions as well as policymakers in Washington, including the White House.
He also noted that Washington’s growing acceptance of crypto, particularly during the Trump administration, has further strengthened Ethereum’s position in the global ecosystem.
Ethereum (ETH) and Bitcoin (BTC) Price Projections
Lee expressed strong optimism about Ethereum’s future. He set a target price between $10,000 and $12,000 by December, and if market momentum accelerates, ETH could climb as high as $12,000 to $15,000.
For Bitcoin (BTC), Lee projected a potential rise toward $200,000 to $250,000. He highlighted the strength of the fourth quarter and the Federal Reserve’s dovish stance as key catalysts driving the rally.
Lee also believes the value of Ethereum (ETH) relative to Bitcoin (BTC) could return to its five-year peak.
Ethereum’s Role in Finance and Technology
A clear sign of institutional adoption came from DBS Bank, Singapore’s largest bank, which recently launched a tokenized structured note built on the Ethereum blockchain.
This marks a significant milestone for institutional-grade financial products tied directly to Ethereum.
Lee emphasized that future tokenized ecosystems will most likely be developed on Ethereum’s blockchain. He pointed out its potential integration with emerging technologies such as artificial intelligence (AI) and robotics, proving Ethereum’s role extends far beyond being a digital currency—it’s also a foundation for technological innovation.
Conclusion
Tom Lee believes that Ethereum (ETH) is entering a “super cycle” that could last 10 to 15 years. This growth cycle goes beyond short-term price speculation, driven by continuous corporate support and broader adoption by financial institutions.
With these factors in play, Ethereum is well-positioned to expand further and solidify its role as a cornerstone of the global financial ecosystem.