BitMine’s Tom Lee Reiterates $250,000 Ethereum Target, Says More Upside Remains
Summary
- Tom Lee reiterated a long-term $250,000 price target for Ethereum (ETH), saying the cryptocurrency still has substantial upside.
- He cited the late Charlie Munger as saying that big money comes not from buying and selling, but from waiting.
- He also said many investors still underestimate the role of cryptocurrencies in an artificial intelligence (AI)-driven economy, adding that Ethereum could serve as the payment layer for the future financial system.
Forecast Trend Report by Period
Tom Lee, chairman of BitMine Immersion Technologies Inc. (BMNR), reiterated a long-term price target of $250,000 for Ethereum, saying the cryptocurrency still has substantial room to climb.
Yahoo Finance reported on July 17 that Lee said during a YouTube appearance that Ethereum could eventually rise to $250,000. While he said he is not firmly committed to that exact target, he added that the token still has significant upside.
Lee also cited the late Charlie Munger, former vice chairman of Berkshire Hathaway, to underscore his view that “big money is not in the buying and selling, but in the waiting.”
He added that many investors still underestimate the role cryptocurrencies could play in an artificial intelligence-driven economy. Ethereum could serve as the payment layer for the future financial system, while crypto infrastructure could become a core component supporting digital assets and AI-based commerce.
