08-02 18:47 Saturday
FeaturesThe chairman of Ethereum treasury company Bitmine said: If fundamentals are used to estimate the price of ETH, it should be $15,000.00
According to Bijie.com, Tom Lee, co-founder of Fundstrat and chairman of Ethereum treasury firm Bitmine Immersion (BMNR), stated that the cryptocurrency market should rebound, but some investors are unconvinced that such a rebound is real, which is precisely why the cryptocurrency market may rise. "Investors have underestimated every recovery since 2020, and this time will be no exception." Lee added that the traditional financial industry, led by Wall Street, is steadily and quietly increasing its investment in cryptocurrencies. Ethereum has benefited from Wall Street's push for tokenization. Ethereum has never experienced downtime, which is crucial for banks. Based on fundamental estimates, ETH should be $15,000 (current price $3,700). He believes the real problem is that institutional investors have underestimated ETH's acceptance, and Ethereum is only in the middle of its development.
ETH
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