Ethereum: The Blockchain Foundation Powering Wall Street’s Next Era

Tom Lee, who co-founded Fundstrat and serves as chairman at Bitmine, has once again expressed his positive stance on the cryptocurrency sector. He described the recent dip in the ongoing “supercycle” as a necessary and healthy adjustment, rather than an indication that the bull market is losing momentum. During his address at Korea Blockchain Week 2025, Lee characterized

as a core asset that is likely to surpass over the long run, pointing to its “neutral chain” framework and growing institutional interest as major factors. Lee predicted Ethereum could climb to between $10,000 and $12,000 by the end of 2025, and possibly hit $15,000 if market conditions remain favorable Tom Lee Predicts 10-15 Year Ethereum Super Cycle [ 1 ].

Lee’s perspective is rooted in Ethereum’s significance within a larger macroeconomic transformation, as both Wall Street and regulators increasingly embrace blockchain-based financial systems. He referenced the approval of the GENIUS Act—a U.S. bill aimed at stablecoin regulation—as a pivotal moment for Ethereum’s leadership in the stablecoin space, where it currently holds 54.45% of the market share Fundstrat’s Tom Lee Says Ethereum Facing Supercycle Moment [ 2 ]. According to Lee, this legislation would speed up the tokenization of real-world assets, drawing a parallel to the financial innovation that followed the end of the gold standard in 1971. He also emphasized that Ethereum’s resistance to censorship and its programmability make it the top choice for institutions looking to tokenize assets, a shift he described as a “profound change” in the global financial landscape Tom Lee Predicts Ethereum and Bitcoin Surge in 2025 [ 3 ].

Although Bitcoin remains a significant part of the supercycle, Lee sees its path as distinct. He anticipates Bitcoin’s price could reach between $200,000 and $250,000 by the close of 2025, fueled by cyclical demand and institutional investments. Lee also addressed Ethereum’s recent 9% price drop over the last month, attributing it to short-term fluctuations within the broader supercycle. “A correction is beneficial,” he remarked, stressing that the overall bullish trend is supported by ongoing interest from corporate treasuries and institutional players Tom Lee Says Ethereum Is Entering A 'Macro Super Cycle' [ 4 ].

Bitmine, now recognized as the world’s second-largest holder of Ethereum, has increased its reserves to 2.4 million ETH (about 2% of the total supply) and secured $365 million to further bolster its position Tom Lee Predicts 10-15 Year Ethereum Super Cycle [ 1 ]. The company’s staking operations yield substantial returns, with Lee estimating an annual pre-tax profit of $300 million from its $9 billion Ethereum assets. He argued that this model provides structural benefits compared to simply holding cryptocurrencies, establishing Bitmine as a major force in the institutional adoption of digital assets Tom Lee Says Ethereum Is Entering A 'Macro Super Cycle' [ 4 ].

Lee’s confidence is further supported by larger economic trends, such as the rapid expansion of stablecoins and projections from the U.S. Treasury that the stablecoin market could grow to $4 trillion. He also pointed to the increasing importance of artificial intelligence and robotics, which he believes will depend on neutral, programmable blockchains like Ethereum for future development. “Ethereum is

merely a digital currency—it serves as the backbone for a new era in finance,” he said, connecting its growth to the worldwide digitization of assets Fundstrat’s Tom Lee Says Ethereum Facing Supercycle Moment [ 2 ].

While Lee remains optimistic, he also warned that the duration of the supercycle depends on regulatory certainty and ongoing technological progress. He observed that initiatives like the SEC’s Project Crypto and the White House’s dual focus on legitimizing stablecoins and rebuilding Wall Street on blockchain technology create a supportive backdrop for Ethereum’s rise. Nevertheless, he cautioned about risks such as excessive regulation and highlighted the necessity for decentralized governance to avoid concentration of power in AI-driven financial systems Crypto Supercycle Ahead? Tom Lee Forecasts Ethereum $60K and Bitcoin $1M [ 5 ].