Bitmine Chairman Tom Lee stated that Ethereum is undervalued compared to Bitcoin and that if Bitcoin surpasses the $150,000 mark, the price of $ETH could reach $6,000. Lee noted that Ethereum has significant growth potential in the near term.
According to Lee, several factors could support Ethereum's price growth by the end of the year. The primary one is the potential passage of the CLARITY Act in the United States, which includes comprehensive regulations for the cryptocurrency market. Lee points out that clarified rules could facilitate institutional investors' access to the market, and that the return of capital to crypto assets could support prices.
The increase in capital inflow from Asia into the cryptocurrency market, as well as "catch-up purchases" of crypto assets by global institutions to improve their quarterly performance, were also cited as positive factors for Ethereum.
Lee stated that the $ETH/BTC ratio, which measures Ethereum's performance relative to Bitcoin, could retest its previous level of 0.08. In a more cautious scenario, he noted that even a recovery to 0.04 would create significant upside potential for Ethereum.
Tom Lee acknowledges that Bitcoin's long-term growth potential remains intact but predicts that asset tokenization and AI-based finance will be key areas shaping the direction of the cryptocurrency market over the next five years.
Lee's assessment reinforces the expectation that the divergence in price performance between Bitcoin and Ethereum may narrow, and that the impact of institutional capital flows on Ethereum should be closely watched in the near future.
If Bitcoin reaches the $150,000 mark, Ethereum's rise to $6,000 would represent a significant increase from current levels. However, this scenario depends on whether Bitcoin surpasses that level and whether Ethereum benefits from the anticipated capital inflows.
*This is not investment advice.
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