The chief investment officer (CIO) of Fundstrat Capital, Tom Lee, believes Ethereum (ETH) is one of the “biggest macro trades of the next decade” with the potential for massive upside.
In a new interview on the Bankless YouTube channel, Lee says that as more mainstream investors embrace it, Ethereum could experience a parabolic rally similar to what Bitcoin (BTC) did in 2017.
“…If people go back to 2017 because I think Ethereum is having its Bitcoin 2017 moment this year, where Wall Street is finally getting behind ETH… Bitcoin was $1,000 in the early part of 2017. And it wasn’t until August… then it went straight up. I mean, literally went straight up.”
According to Lee, Ethereum is currently undervalued and could go up by up to 290% from the current level.
“I think the near-term price people should think about is Ethereum getting to $4,000 because Ethereum should be a better story than it was in December. And it was $4,000 in December. So we should at least recover to that level.
And then Ethereum is a better story today than it was a year ago. And a year ago, Ethereum was at 0.05 BTC [the price of ETH in Bitcoin… at 0.05 Bitcoin, it’s like almost $6,000. So, just like saying giving it credit for where it was a year ago, it should be $6,000.
But, of course, there is going to be a lot happening between now and year-end, including other Ethereum treasuries starting to buy Ethereum. Plus, Bitcoin goes up. So, I think by the year-end, it’s not unreasonable to think $7,000. Even $12,000 or $15,000 could happen.”
Ethereum is trading at $3,840 (0.0329 BTC) at time of writing.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post ‘One of the Biggest Macro Trades Over the Next Decade’: Tom Lee Sees Ethereum Mirroring Bitcoin’s 2017 Price Explosion – Here Are His Targets appeared first on The Daily Hodl.
The chief investment officer (CIO) of Fundstrat Capital, Tom Lee, believes Ethereum (ETH) is one of the “biggest macro trades of the next decade” with the potential for massive upside. In a new interview on the Bankless YouTube channel, Lee says that as more mainstream investors embrace it, Ethereum could experience a parabolic rally similar
The post ‘One of the Biggest Macro Trades Over the Next Decade’: Tom Lee Sees Ethereum Mirroring Bitcoin’s 2017 Price Explosion – Here Are His Targets appeared first on The Daily Hodl. Bitcoin, Ethereum, BTC, ETH, News
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.