Wu Blockchain (@WuBlockchain): Tom Lee Discusses Potential Growth of BTC and ETH
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Tom Lee Discusses Potential Growth of BTC and ETH Bitmine Chairman Tom Lee, in an Oct 16 interview with ARK Invest, discussed the value logic and market outlook for Bitcoin and Ethereum and expressed optimism about their future performance. He argued that Ethereum should be viewed as a monetary base and standard; even under a hypothetical scenario in which L2s do not pay gas fees to L1, its monetary-base characteristics would still confer value—analogous to how quoting equities in U.S. dollars reinforces the dollar’s value. In practice, L2s will support L1, and future banks built on Ethereum will also participate in ETH staking. He further noted that MicroStrategy could become a U.S. giant by virtue of its Bitcoin holdings; by analogy, he suggested that ETH, currently around $4,500, could rise to $60,000. A 15x increase, combined with NAV expansion, would drive a substantial re-rating of companies with existing ETH inventories, with several related firms potentially reaching market capitalizations in the hundreds of billions of dollars. Video Source: https://t.co/oVorPN9mrZ