Fundstrat co-founder and Bitmine Technologies CEO Tom Lee, who has made a name for himself with his bold predictions about Bitcoin and the market, announced his new predictions. Speaking to CNBC, Tom Lee shared his price expectations, stating that the rise in Bitcoin and Ethereum is not over yet. Lee noted that Bitcoin is increasingly viewed as a macro asset like gold, and this shift in perception is driving more capital into the market. At this point, Lee argued that Bitcoin would reach $250,000 by the end of this year. Lee stated that even at $250,000, BTC would only be worth 25% of the gold market, highlighting how much potential Bitcoin still has. Ethereum on the Rise! Lee, who also announced his price prediction for Ethereum in addition to Bitcoin, predicted that Ethereum would rise to $4,000 in the short term by the end of July and to $15,000 in the medium term by the end of the year. Lee stated that he is confident in his prediction and said that Ethereum's recent performance and strong fundamentals will support this rise. The expert noted that he sees the $5,000 level as a technical turning point as Ethereum surpasses its previous record high. Lee, who attributed Ethereum's upward trend to its compliance with US regulations and its growing utility in the global financial sphere, said that renewed interest from institutional investors will accelerate Ethereum's growth and rise. At this point, Lee claimed that the institutional narrative of Bitcoin as digital gold is still intact, but ETH could offer more upside potential in the next few years due to it being the network through which institutions tokenize financial assets. “Wall Street wants to find a large chain that operates compliantly in the U.S. and already has a lot of real-world assets. This is why Ethereum has become so important.” *This is not investment advice. Continue Reading: Tom Lee, who predicted the previous bull market, announced his new predictions for Bitcoin (BTC) and Ethereum (ETH)! He gave the date!
