- Tom Lee predicts Wall Street and Trump administration will adopt ETH.
- He then goes on to share highly bullish price predictions for BTC and ETH by year’s end.
- BTC to go between $200,000 – $250,000 and ETH to go $10,000 – $12,000.
On a greater scale, ETH still has to gain the type of recognition and faith that Bitcoin has with governments and financial institutions. Presently, most entities are accumulating both BTC and ETH, but a majority is only accumulating BTC, and very few, like Bitmine Immersion, are only buying ETH. Its Chair Tom Lee predicts Wall Street and Trump administration will adopt ETH and goes on to share some very bullish predictions for BTC and ETH by Q4 end.
Tom Lee Predicts Wall Street and Trump Administration Will Adopt ETH
This bull cycle saw rapid BTC and ETH accumulation from financial institutions and treasuries following the successful launch of BTC and ETH Spot ETFs. Specifically, BTC was already being accumulated in bulk by some governments like El Salvador and other corporate companies like Michael Saylor’s Strategy. Now, financial institutions have also joined the accumulation race.
While these accumulators had a head start with BTC accumulating, the price of BTC was already quite high to begin with, meaning these accumulators are likely far behind compared to the OG BTC whales. To make the best out of the coming bull pump phase, especially for altcoins this coming Q4, some accumulators have pivoted their strategy to holding only ETH and entities like Bitmine Immersion swapped all their BTC to ETH.
This company is led by its Chair, Thomas Lee, also known as Tom Lee. Lee has made several bullish predictions for both BTC and ETH this bull cycle, and even just for the end of this year. Lee’s goal is to accumulate 5% of the total ETH supply, and Bitmine is almost close to acquiring 2% of the total ETH supply. He believes that ETH price will pump much more exponentially compared to ETH for the rest of the bull cycle.
BTC and ETH Expected to Hit New ATHs by Q4 End
As we can see from the post above, Tom Lee predicts Wall Street and the Trump administration will adopt Ethereum this bull cycle. This is a highly possible outcome as Trump’s administration is currently in talks with reputed crypto figures to approach how best to launch its US Strategic Crypto Reserve and Stockpile plan. Soon they could announce a bulk buy of several promising crypto assets.
Tom Lee also goes on to share some really bullish price predictions for both BTC and ETH by the end of this year. In detail, he states that Bitcoin will hit a new ATH between $200,000 and $250,000 while Ethereum will hit a new ATH between $10,000 and $12,000 by the end of December 2024. One response says that this aligns with the institutional demand we’re seeing, where traditional finance asks for blockchain settlement and programmable money capabilities.
