Co -founder Fundstrat Tom Lee presented a robust, politics based the thesis Ethereum Bull in an interview with August 26, arguing that American regulatory regulatory, the transition of Wall Street to infrastructure in the chain, and the institutional request conducted by public “cryptographic treasures” prepared a scene for the piercing justification of the fourth amount. “According to the next semester, you know, $ 5,500 should take place in the next few weeks,” Lee said, adding that by the end of the year ETH should be closer from $ 10,000 to $ 12,000 “, and most of the annual crypto profits usually appear in the first quarter.

Ethereum “Moment from 1971”

The brain behind the strategy of the Eth Bitmine treasury will turn out to be 2025 as a structural break comparable to the break of the American dollar from Gold. In his opinion, Washington’s attitude changed from the perception of crypto as a threat to positioning him as an instrument of financial leadership. “Over the past 12 months, there has been a change in the sea, partly due to elections in which Crypto is no longer considered an enemy … But really part of how the American financial system will get leadership,” Lee he said.

He pointed to Stablecouins-“a breakthrough product, you know, a moment in chat-gpt”-a proposed brilliant law and what “Project Crypto Crypto called, claiming that these signals show that” Wall Street used Blockchain to make America more novel and distributed the financial influence of America around the world. “

From there, Lee’s thesis focuses on Ethereum as the default layer of institutional settlement. “Wall Street does not want the fastest chain … they want a reliable chain they can build. Ethereum had no downtime in all its history. So for me it is natural selection.”

Calling Ethereum “fat protocol”, he argued that the value is charged to the basic layer as tokenization and payment rails migrate in the chain. Referring to work “from mosaics and fund”, Lee said that if the network records the main payments and bank flows, “you will reach the value of $ 60,000 for ETH” in the horizon 10 to 15 years.

Bitmine strategy

A significant part of the conversation focused on public vehicles, which chair, Bitmine, which he described as an actively managed state treasury Ethereum. Lee contrasted with Holding Eth with having a company that uses capital markets to expand ETH to the action. “When Bitmine began … Ethereum had only USD 4 per action,” he said about the base line of July 8.

“From August 24, we now have Ethereum $ 39.84 per share … So the reason we had 10 times in your resources is that Bitmine actively manages the increase in Ethereum on the action, using capital markets and attracting the interest of institutional investors.”

He argued that this approach could be “anti -dillethical” when it is performed with a bonus for the value of net assets: “If your ETH is growing, none of the capital markets is a dilution.” Lee added that Bitmine has a “backup program of stocks worth a billion dollars, because if the actions become too cheap to their ETH resources, it would be more meaningful to buy the campaign.”

In the strategy, Lee outlined the ambition of controlling about 5% of ETH placed, recognizing the effect of “power law” as the scales of the importance of the network. “If you are an entity with 5 percent, you have a positive impact on future improvements … [and] One of the most important vectors when Wall Street wants to build on Ethereum, “he said. Thanks to Ethereum mechanics, he said that current shares can generate significant income:” At today’s ETH with a value of $ 9 billion there are about $ 300 million net income. “

Tom Lee’s macro view

Institutional demand, he maintained Lee, and finally turns towards ETH through regulated packaging and actions, even so many vast allocators still underweight. “Ethereum is still not liked by institutions, because most of them focused on Bitcoin … That’s why Ethereum probably falls into … the most hated rally,” he said, noting that ETH profits from year to day 35 percent overtook 17 percent Bitcoin. “

The macro lee overlay goes beyond the crypto. He repeated the constructive capital view depending on the softening of the federal reserve and cyclical growth. “If the Fed follows and begins to lower … And then we get a decrease in mortgage rates, and ISM appears, and therefore finances really begin to participate, I think that’s why we reach 6800 in S&P” – he said. Considering that “September is a month that everyone will worry about”, he characterized all withdrawal as buyers: “From 2022 … it has always been an opportunity to buy.”

During the press, ETH traded at USD 4,614.

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