PANews January 5 News, according to DL News, Bitmine Chairman Tom Lee recently predicted in a letter to shareholders that the price of Ethereum will soar by 8,000%, with each token trading at $250,000. This surge will boost Ethereum’s market capitalization to approximately $30 trillion, surpassing the combined value of Apple, Microsoft, NVIDIA, Alphabet, Amazon, Meta, and Tesla. When making this bold prediction, the Ethereum trading price was slightly above $3,100, which is less than half of the predicted $7,500 by the end of 2025.
Recently, Bitmine proposed increasing the company’s authorized shares by 100 times to perform a stock split. Tom Lee believes this split is necessary because “Bitmine’s stock price follows Ethereum’s price,” and he expects that when Ethereum reaches $250,000, the company’s stock price will reach $5,000 per share. He did not provide a timeline for achieving any of these targets.
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