Tom Lee Reiterates $250,000 Long-Term Target for Ether, Sees More Upside
Summary
- Tom Lee said Ether (ETH) could still post major gains as he reiterated a long-term price target of $250,000.
- He said many investors still underestimate the role of cryptocurrencies in an AI-driven economy.
- He added that Ether could serve as the payment layer for the future financial system, and that crypto infrastructure could become a key component supporting digital assets and AI-based commerce.
Forecast Trend Report by Period
Tom Lee, chairman of BitMine (BMNR), reiterated a long-term price target of $250,000 for Ether, saying the cryptocurrency still has substantial room to rise.
Yahoo Finance reported on July 17 that Lee said in a YouTube appearance that Ether could eventually climb to $250,000. While he said he is not necessarily sticking to that exact target, he added that Ether still has significant upside.
He also cited the late Charlie Munger, Berkshire Hathaway's former vice chairman, saying that "the big money is not in the buying and selling, but in the waiting."
Lee said many investors still underestimate the role of cryptocurrencies in an AI-driven economy. He added that Ether could serve as the payment layer for the future financial system, while crypto infrastructure could become a core component supporting digital assets and AI-based commerce.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.