Chairman Bitmine Tom Lee pinned the long -term enhance in Ethereum to a clear frame indicator and “replacement” lens on global payment rails. In his “President’s News”, on September 2, the co -founder of Fundstrat focuses the analysis of the ETH/BTC cross and the annual bitcoin anchor in the amount of $ 250,000, using a network based on slides to translate the indicator levels on ETH, and then extends the bill to $ 62,500, if the Wall Street settlement migrates to Ethereum.

Why ethereum can enhance to $ 62,500

“The 8-year average average Ethereum indicator for Bitcoin is 0.04790, and currently 0.0432, which means that we are below the long-term average. All time in this ratio is 0.0873”, Lee says. “Of course, it started higher, but I’m talking about the height of all time in 2021. We think that Ethereum should not only return to the long -term average, it should probably reach a high indicator of all time and probably exceed it when we start talking about an ethereum acting as a chain for both Wall Street to build our payment rails and a financial system like AI.”

Then he goes through the basic exhibition. “Let’s think about what it means for the price. I have a net here. On the left there are levels of bitcoin prices, and then switching at all the time of the Ethereum ratio to bitcoins. Our goal at the end of the year-it comes from the Bitcoin Funds-is $ 250,000. And as you can see, at $ 250,000 to 22,000 USD Ethereum. “

The slide shows: If BTC works up to 250 thousand. USD, and ETH simply trades in medium intercourse, it means ~ USD 12,000; If ETH regains his ratio 2021 height of ~ 0.087, he jumps closer to ~ USD 22,000. “But it’s just recovering indicators,” Lee continues. “If you look at the replacement costs of payment rails and a banking system, it leads you to the implied Ethereum value in the amount of around $ 60,000. It puts an indicator in a ratio of about 0.250 Ethereum to bitcoins. And as you can see, in this way you will reach $ 62,500 on the Ethereum token.

Lee develops this coefficient of first mathematics in a broader structural work, which Ethereum introduces in “Moment 1971” for finances, because assets in the real world are synthesized in instruments for a chain, and stablelecoin is expanding as money from a digital base. The numeric anchor is a print of 0.0432 ETH/BTC located below the eight -year average 0.04790; The medium -term goal is to reverse and potentially beyond the high, which it quotes. The grid translates these points into cautious ETH prices with constant bitcoin reference, which is why Lee emphasizes both variables in tandem, not to the ETH trajectory.

In addition to the network, Lee claims that Ethereum reflects the largest participation in tokenized financial activities and that his economy of proof is consistent with how regulated institutions pay for safety and working time today. In their story, banks and market operators already finance muted stacks of infrastructure; The establishment of ETH to secure common rails can replace which they spend when returning native profitability, which in his opinion exceeds the ratio of ETH/BTC, because the risk capital and cash flows migrate.

At this point, “substitute costs” results from the result of USD 62,500: if Ethereum becomes a settlement basis for payment networks, tokenized credit and own capital, and the rights of data related to AI, the market should value ETH on the values ​​of the rails, which it replaces, and not only on historical multiplied or heuristics of the cycle.

The message also places the corporate Bitmine plan in this macro arch. Lee describes Bitmina as a fiscal activity of Ethereum built to combine ETH on action with the aid of five levers-profits issued above NAV, monetization of capital-related variability, cash flows, foreign prizes and mergers for treasures near NAV-thinking that proof of the rate turns the balance of ETH into the income infrastructure resources.

LEE mathematics clearly expresses dependencies: Bitcoin anchoring around USD 250,000 and ETH/BTC breakthrough first to the long -term average (~ 0.048), and then towards the peak 2021 (~ 0.0873), and in the replacement scenario of costs, to ~ 0.25. The first two steps suggest ~ 12,000–22 000 USD ETH on its net; The third determines the case of “violent growth” 62,500 USD related to financial migration and AI settlement in Ethereum. As he put it: “in this way you will reach $ 62,500 for the Ethereum token.”

During the press, ETH traded at USD 4,377.

A distinguished painting created from Dall.e, chart from tradingview.com