In a significant turn of events, Tom Lee, the co-founder of Fundstrat and president of BitMine, has revised his price predictions for Bitcoin (BTC) and Ethereum (ETH) during his recent address at Binance Blockchain Week 2025 in Dubai. Lee now forecasts that Bitcoin could surge to an impressive $300,000, while Ethereum might reach $62,000.
This shift follows Lee”s previous downgrade from a $250,000 estimate for Bitcoin at the year”s end in 2025. He emphasized the ongoing validity of the crypto supercycle, suggesting that the recent downturn and subsequent recovery period actually holds more potential for growth. “The crypto supercycle is still valid. Bitcoin could reach $300,000 next year, while Ethereum could reach $62,000,” he stated.
Highlighting the significant growth trajectories of both cryptocurrencies over the past decade, Lee noted that Bitcoin has increased by 112 times and Ethereum has skyrocketed by nearly 500 times. Despite this remarkable performance, he believes that the growth for Ethereum is just beginning. “The next ten years will be much bigger for ETH and the crypto market when Wall Street fully embraces tokenization,” he added.
Lee described the recent price dip as an “unexplained selling wave,” contrasting it with past events like the fallout from the FTX bankruptcy. He remarked that after the FTX crash, it took approximately eight weeks for market makers to stabilize, implying that the current situation is not dissimilar and may resolve in a similar timeframe.
Moreover, Lee referred to Ethereum as the “payment gateway of the future of finance,” asserting that it stands out as the premier smart contract platform for tokenization. “We had reduced our Ethereum purchases and are now aggressively increasing them again,” he noted, highlighting his belief in the current undervaluation of Ethereum.
As the market continues to evolve, Lee”s insights provide a glimpse into the potential future of these leading cryptocurrencies, suggesting that a broader acceptance and integration of blockchain technology in traditional finance is on the horizon.
