Known for his bold predictions about Bitcoin (BTC) and the cryptocurrency market, Fundstrat co-founder and BitMine president Tom Lee made important statements about Bitcoin and Ethereum (ETH). Speaking at the TOKEN2049 conference in Singapore, Tom Lee said that BTC could reach $140,000 and ETH could reach $22,000. Comparing gold to Bitcoin, Lee predicted that Bitcoin could rise to $140,000 in the short 0 this to happen, he noted that Bitcoin's value would need to reach about 10% of gold's current 1 also added that if the value of the Bitcoin network were to be the same or higher than that of gold, BTC could rise to as much as $2.2 million. Secondly, touching on Ethereum, Tom Lee stated that the price of Ethereum could reach $22,000.
Lee stated that there are two conditions for this: the ETH/BTC ratio reaching its all-time high of 0.087 in 2021 and BTC reaching $250,000 by the end of the 2 both of these are met, the ETH price could reach $22,000. Tom Lee has also said in other recent statements that he expects the Bitcoin price to be between $200,000 and $250,000 by the end of the year, and the Ethereum price to be between $10,000 and $12,000. Related News: Big Bull Tom Lee Announces Year-End Bitcoin (BTC) and Ethereum (ETH) Price Predictions! "Will Be a Favorite of Wall Street and the White House!" Lee also stated that Bitmine's goal is to increase its Ethereum holdings to 5% of the ETH 3 you may recall, Bitmine announced on Monday that it purchased 234,846 ETH worth $963 million in the past 4 this latest purchase, Bitmine (BMNR) now holds 2,650,900 ETH worth approximately $11 billion, representing more than 2% of ETH's total supply. *This is not investment 5 Reading: Major Bull Tom Lee Reveals Incredible Price Predictions for Bitcoin (BTC) and Ethereum (ETH)!
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