Tom Lee, the Ethereum Prophet, Shares Prediction of ETH Price Reaching New Record

Tom Lee, the co-founder of Fundstrat, when assessing the market growth after the Consumer Price Index (CPI) data was released in the U.S. better than expected, stated that Ethereum has the potential to surpass Bitcoin in the long term. In a statement to CNBC, Lee noted that a strong liquidity environment will be a positive factor for the financial sector, small-cap stocks, and cryptocurrencies. He mentioned: "Ethereum has increased by 28% this year, outperforming Bitcoin. According to our research, Ethereum could be the largest macro trade in the next 10-15 years." Lee explained that this optimism stems from the development of the stablecoin ecosystem and the shift towards blockchain by Wall Street. "Stablecoins are creating a ChatGPT moment for cryptocurrency. Giants like JPMorgan, Coinbase, and Robinhood are developing solutions based on Ethereum. Wall Street is building a financial tokenization system on ETH," he added. Recall that Standard Chartered has raised its year-end price target for Ethereum from $4,000 to $7,500, Lee noted that the current level of $4,700 is very close to the peak of $4,800 in 2021. He stated: "I think if this level is broken, $7,500 could be the lower limit, and it could even be in the range of $10,000 to $15,000." Listing the Fed's ability to cut interest rates, a strong earnings season, and positive investor sentiment in the market are macro factors that will support the price increase of Ethereum. Lee also stated that he considers Nvidia to be one of the most important companies in the long term.