Tom Lee Discusses Potential Growth for Bitcoin and Ethereum In an interview with ARK Invest on October 16th, Bitmine Chairman Tom Lee discussed the value logic and market prospects of Bitcoin and Ethereum, expressing optimism about their future performance. He believes Ethereum should be viewed as a monetary foundation and standard; even in the hypothetical scenario where the L2 layer doesn't pay gas fees to the L1 layer, its monetary foundation characteristics will still give it value—similar to how dollar-denominated stocks strengthen the dollar's value. In fact, the L2 layer will support the L1 layer, and banks built on Ethereum will participate in ETH staking in the future. He also pointed out that MicroStrategy could become a US giant with its Bitcoin holdings; by analogy, he believes the current price of ETH, around $4,500, could rise to $60,000. A 15x increase, coupled with net worth expansion, would significantly boost the valuation of companies holding Ethereum inventory, with some potentially reaching market capitalizations of hundreds of billions of dollars. Video Source: