Lee Sees $ETH Surpassing $10,000 in Next 12 Months
Tom Lee, Chairman of Bitmine and a well-known crypto enthusiast, has shared his thoughts on Ethereum's ($ETH) future price. In an interview during Korea Blockchain Week, he stated that he believes the price of Ethereum could surpass $10,000 in the next 12 months.
However, when asked if he thought Ethereum would reach this level by the end of the year, Lee took a more cautious approach and said he wasn't sure. He described Arthur Hayes' prediction of reaching $10,000 by the end of the year as 'conservative', but didn't provide his own specific price target.
Lee also clarified that his previous statement about a potential 25x increase in Ethereum's value was not a direct price prediction, but rather a hypothetical scenario used to explain the potential return on investment for Bitmine shareholders.