Tom Lee says Ethereum could hit $6,000 as the CLARITY Act fuels Wall Street demand.
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Tom Lee said Ethereum could reach $6,000 if Bitcoin climbs to $150,000 and the ETH/BTC ratio rises to 0.04.
The BitMine chairman believes the CLARITY Act will accelerate institutional adoption.
Lee identified demand from Asia and institutional performance-chasing as additional catalysts for ETH.
Ethereum could climb to $6,000 under what Tom Lee says is a “conservative” market scenario, with the BitMine chairman arguing that the token remains significantly undervalued despite its recent rebound.
Speaking on the Milk Road podcast, Lee said Ethereum’s improving performance against Bitcoin could continue as AI and growing institutional adoption reshape the crypto market.
He also identified the CLARITY Act as a potential catalyst for Wall Street, claiming its passage could “supercharge” the movement of traditional financial institutions into crypto.
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Lee based his $6,000 scenario on two market variables converging.
He said the ETH/BTC ratio, which measures Ethereum’s value relative to Bitcoin, was trading at around 0.03 and should continue rising.
At a minimum, Lee expects the ratio to revisit its previous high near 0.08.
Lee calculated that a rise in the ratio to 0.04, combined with Bitcoin reaching $150,000, would put Ethereum at approximately $6,000.
“I think that’s being very conservative,” he said.
While Lee remains bullish on both assets, he believes Ethereum could outperform Bitcoin as the crypto market enters its next phase, increasingly centered on real-world asset tokenization and AI-driven commerce.
The Fundstrat co-founder described Ethereum as “vastly undervalued.
He argued that even its previous record near $5,000 failed to reflect its potential role in the future financial system.
CLARITY Act Could Accelerate Wall Street Adoption
Lee identified the CLARITY Act as one of Ethereum’s most important potential catalysts through the end of the year.
“Ethereum is going to do fine either way,” Lee said.
“But I think you’re really going to supercharge the movement if the CLARITY Act passes.”
However, Lee stressed that legislation alone would not cause Wall Street to abandon its existing systems overnight.
Financial institutions face strict regulatory requirements and layers of legacy infrastructure built through decades of acquisitions.
Even when blockchain offers a substantially faster or cheaper alternative, replacing those systems can be a slow process.
For adoption to accelerate, Lee said crypto products must provide an immediate and significant financial benefit.
Institutional FOMO Could Add to Ethereum Demand
Beyond legislation, Lee outlined several other forces that could support Ethereum during the remainder of 2026.
One is the large amount of capital still sitting outside crypto.
Lee said some investors continue to follow the market’s traditional four-year cycle and are waiting until around October before declaring the latest crypto winter over.
3/ "We believe there are multiple positive catalysts as we head into the final months of 2026," stated Lee.
These include the:
1⃣➡️ upcoming CLARITY Act vote scheduled in mid-Sept.
2⃣➡️Additionally, Korean investors have again started buying crypto and rotating away from AI…
That could bring short sellers and traders who moved into AI-related equities back into digital assets.
Lee highlighted Asia as another potential source of demand, particularly after investors in markets such as South Korea directed capital toward domestic equities.
BitMine Continues Building Its Ethereum Position
Lee’s bullish outlook continues to be reflected in BitMine’s accumulation strategy.
He said BitMine has continued to purchase ETH because it believes the current price substantially understates its future value.
Bitmine said on Monday that it purchased another 53,501 ETH during the previous week, worth approximately $131.3 million at Ethereum’s price of around $2,450.
The acquisition increased BitMine’s total holdings to nearly 5.9 million ETH, putting it roughly 98% of the way toward its target of owning 5%.
Lee said the firm had repurchased nearly 20 million shares over five weeks under a $4 billion authorization.
This allows it to increase the amount of Ethereum represented by each remaining share.
According to BitMine, it has now held Ethereum for 65 consecutive weeks since launching its treasury strategy on June 30, 2025.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
