Tom Lee said he predicts Ethereum could surpass Bitcoin thanks to its use cases on Wall Street.
Fundstrat co-founder Tom Lee, known for his bold predictions about Bitcoin and cryptocurrencies, spoke about Bitcoin and Ethereum (ETH).
Speaking to Bankless recently, Tom Lee said he predicts Ethereum could overtake Bitcoin thanks to its use cases on Wall Street.
Lee argued that Ethereum could deliver 100x returns and potentially reverse Bitcoin’s market value thanks to its rapid adoption on Wall Street and Ethereum’s central role in blockchain infrastructure.
At this point, Lee stated that he sees Ethereum’s current state as a “2017 Bitcoin moment” where institutional investors are just starting to enter.
“If I had to invest my entire fortune for the next 10 years, I would choose Ethereum (ETH) over Bitcoin (BTC).”
He assessed that Ethereum, as a next-generation core technology, is currently experiencing upward momentum similar to the one seen in 2017.
He also predicted that the growth of stablecoin and tokenization markets would greatly benefit Ethereum.
Tom Lee recently released his Ethereum price prediction. He stated that he expects ETH to reach $7,000-$15,000 by the end of the year, and possibly $20,000 in the long term.
