Ethereum Supercycle Begins: Tom Lee Predicts Massive ETH Growth and $60K Target

Tom Lee, the co-founder of Fundstrat and chairman of Bitmine Immersion Technologies (the firm with one of the largest corporate Ethereum treasuries), has issued a highly bullish forecast, asserting that Ethereum (ETH) is entering a 10-to-15-year “supercycle.” Lee draws a powerful historical parallel, suggesting that Ethereum is poised for a decade of fundamental growth akin to the US dollar’s emergence as the world’s dominant financial instrument after the gold standard ended in 1971.

This prediction is rooted in two seismic structural shifts: the massive tokenization of traditional finance by Wall Street and the growing economic role of Artificial Intelligence (AI) agents.

The Dual Engines of Growth: Wall Street and AI

Lee argues that Ethereum is quickly establishing itself as the essential financial infrastructure for both traditional finance and the emerging AI economy. With Wall Street beginning its migration onto blockchain-based systems, he believes that Ethereum, as the largest smart contract platform, will naturally become the chosen settlement layer. As he stated earlier this year, "If half the world’s financial activity goes on-chain, the chain that settles it becomes bigger than any bank or exchange. Today, that chain is Ethereum.”

The second catalyst is the need for a neutral, public blockchain to govern and facilitate transactions for autonomous AI agents and robotics. Lee is convinced that this crucial economic activity will be predominantly Ethereum-based, further accelerating its utility and demand over the next decade.

Targeting a $60,000 Valuation

The conviction behind Lee’s supercycle theory is reflected in his long-term price targets, which are dramatically higher than current market prices. He projects that Ethereum’s price could eventually reach $60,000, with a near-term target of $9,000–$12,000 by year-end, provided macro conditions improve.

His firm, Bitmine Immersion Technologies, has strategically positioned itself to capitalize on this vision, aiming to secure a 5% stake in Ethereum’s total supply. Lee views the current price dislocations as an “attractive accumulation zone” for institutional investors, stating that Ethereum’s expected supercycle represents an exceptional risk/reward opportunity.