Tom Lee's making bullish predictions again — here's how he believes ETH will hit $62,000. | Source: CCN.
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Key Takeaways
Tom Lee sees Ethereum’s price potentially reaching $62,000.
Bitmine now owns 4.31% of Ethereum’s total supply and aims to reach 5% by the end of 2026.
AI and tokenization are central to the Ethereum thesis.
Bitmine Chairman Tom Lee said Ethereum’s price could reach $62,000 if the blockchain becomes the dominant payment rail for tokenized assets and AI-driven commerce.
The recent bullish comments come as the company announced it has furthered its mission to own 5% by the end of 2026, now holding 4.31% of Ethereum’s 120.7 million token supply.
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The famed Ethereum bull argued that Ethereum’s recent price action signals the end of the industry downturn.
“There’s never been a crypto winter where Ethereum has closed up three consecutive months in a row,” he said.
Ethereum has risen for three straight months and, if it closes May above $2,100, it would mark a historically bullish pattern for the sector, Lee described.
Lee, who also serves as head of research at Fundstrat Global Advisors, said Ethereum has emerged as “the best performing asset since the start of the Iran war.”
He pointed to long-term portfolio data showing that a hypothetical 5% allocation to Ethereum at the end of 2016 would have transformed a $100,000 portfolio into roughly $1.7 million today.
“You’d want to own just a small piece of Ethereum as a source of diversification and as a hedge,” Lee said.
Bullish Ethereum Price Targets
Lee reiterated aggressive price targets for Ethereum tied to Bitcoin’s future appreciation and the growth of blockchain-based finance.
“If Bitcoin gets to $250,000, which we think is fair value in the next 12 months, and Ethereum gets to its eight-year average of the price ratio, that’s $12,000 Ethereum,” he said.
Adding: “If it gets to the 2021 high, that’s $22,000 Ethereum.”
Lee said Ethereum could eventually reach $62,000 if it becomes “the payment rails of the future.”
He cited projections from Ethereum co-founder Joe Lubin and tokenization platform Securitize, suggesting even higher long-term upside.
Bitmine said its stock performance remains highly correlated to Ethereum prices but aims to outperform the token itself through accumulation and staking strategies.
Shares of Bitmine rose 500% in the second half of 2025 while Ethereum gained 22% over the same period, according to the company.
“Elon Musk said something pretty profound recently,” Lee said. “‘This future system won’t use dollars as currency, just mass and energy.’”
Lee cited comments from LinkedIn co-founder Reid Hoffman that “crypto will become critical in an AI world.”
He also pointed to growth in stablecoin payments and tokenized assets.
According to Lee, stablecoin transaction volumes now exceed Visa payment volumes, while the tokenized asset market could eventually grow to $300 trillion as equities and fixed income products move on-chain.
“Networks that host a large share of tokenized activities may capture a meaningful portion of economic value,” Lee said, referring to Ethereum’s dominant share of tokenized asset activity.
Bitmine Expansion
Bitmine said it continues expanding beyond treasury accumulation into staking and digital finance ventures.
The company said its MAVAN platform — short for “Made in America VAlidator Network” — has become one of the world’s largest single staking operators.
The platform now has more than $14 billion in assets staked, and roughly $2 billion in client assets currently managed.
Bitmine also highlighted its $88 million investment in Eightco Holdings, which owns stakes tied to OpenAI’s Worldcoin ecosystem, as well as investments connected to YouTuber MrBeast’s financial company.
The company uplisted from the NYSE American to the New York Stock Exchange on April 9.
It said BMNR stock now trades roughly $816 million daily on a five-day average basis, making it the 149th most actively traded stock in the US.
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.
