Fundstrat co-founder Tom Lee shared his views on the future of Bitcoin and Ethereum, claiming that the latter has the potential to surpass the former due to the rise of institutional investments.
Tom Lee's Predictions on Bitcoin and Ethereum
Tom Lee, known for his bold predictions about Bitcoin and cryptocurrencies, recently stated in an interview with Bankless that he believes Ethereum could overtake Bitcoin thanks to its applications on Wall Street.
Benefits of Ethereum on Wall Street
Lee argued that Ethereum could deliver 100x returns and potentially reverse Bitcoin's market value due to its rapid adoption on Wall Street and Ethereum's central role in blockchain infrastructure.
Ethereum Price Forecast
Recently, Tom Lee released his price prediction for Ethereum, stating that he expects ETH to reach $7,000-$15,000 by the end of the year, and possibly $20,000 in the long term.
Thus, Tom Lee's perspective on Ethereum's future and its ability to surpass Bitcoin highlights the growing interest from institutional investors and potential changes in the cryptocurrency market.
