Tom Lee: ETH Could Reach $62,000 in Next Cycle
Source:
x.com
Tom Lee Tracker (@TomLeeTracker) stated that Fundstrat co-founder Tom Lee explained BitMine's (BMNR) rationale for seeking to maintain maximum Ethereum exposure. He noted that Ethereum has historically rallied 50 to 200 times during past crypto cycles, and even at a more conservative 25-fold increase, ETH's price would climb to roughly $62,000. Should this scenario play out, BitMine shareholders could potentially reap substantial returns solely from the Ethereum holdings of the company.