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BiyaPay Analyst: US Stock Listed Company BitMine Continues to Rise, Tom Lee States Ethereum at a Key Moment, Target Price $15,000

2025.08.09 18:00:15

On August 8th, Tom Lee, the newly appointed chairman of the US-listed company BitMine, recently made a statement. He pointed out that Ethereum (ETH) is currently at a crucial juncture similar to that of Bitcoin in 2017. With Wall Street's growing focus on cryptocurrency, Lee believes that Ethereum is emerging as a core platform in the "tokenization" process of the financial market, and he anticipates that this will be one of the largest macro trading events in the next decade. Lee specifically emphasized that Ethereum should not be simply compared to Bitcoin but rather to the traditional financial market. If forced to choose between Bitcoin and Ethereum, he is more inclined towards ETH. On August 2nd, BitMine's chairman Lee pointed out that traditional financial institutions are steadily and quietly increasing their holdings of cryptocurrency, especially Ethereum. This is because of its legal clarity and technical reliability. Moreover, Ethereum has never experienced a crash, which is of great significance for institutions such as banks. Currently, BitMine holds 625,000 ETH, with assets totaling nearly $2.8 billion and almost no debt. At the same time, the company announced a $1 billion stock buyback plan and reiterated its goal of accumulating 5% of the total Ethereum supply. Lee also stated that if there is a change in the Fed's monetary policy, especially a rate cut, Bitcoin could soar to $250,000. Based on Ethereum's fundamentals, he believes that the fair price of ETH should be $15,000, while the current price is around $3,700. For cryptocurrency investors, the BiyaPay platform provides users with a seamless trading experience. The platform supports the exchange of more than 200 cryptocurrencies including BTC, ETH, and offers spot and contract trading with zero transaction fees, enabling users to enjoy the advantage of low-cost trading.
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