Tom Lee Sees Undervalued ETH Leading to Rebound in ETH/BTC Ratio
Tom Lee, Chairman of Bitmine, recently spoke on the 'Milk Road Show' about Ethereum's central role in the future financial system over the next five years. He believes that ETH is currently undervalued due to the tokenization trend and demand for on-chain transactions by AI agents.
Lee stated that last week's surge can be called a 'course correction,' indicating a significant rebound in the ETH/BTC ratio. He also noted that this market is different from past 'crypto winters' which were accompanied by project failures, fund outflows, and shrinking application scope.
Lee emphasized that asset tokenization is gaining momentum, with many traditional financial institutions building tokenized products on the Ethereum platform. He also pointed out that AI intelligent agents prefer the crypto track due to its logical choice for transactions.