Emre Yumlu 
Tom Lee, the co-founder of Fundstrat and chairman of BitMine, is once again making headlines with his bullish outlook on the crypto market. Speaking at the TOKEN2049 conference in Singapore, Lee presented ambitious price targets for both Bitcoin (BTC) and Ethereum (ETH), suggesting that both assets could be on the verge of reaching historic milestones.
Bitcoin on Track for $140K — and Possibly Beyond
According to Lee, Bitcoin could climb to $140,000 in the short term. His projection is based on Bitcoin’s market capitalization catching up to at least 10% of gold’s current value.
He went further, noting that if Bitcoin’s network valuation were to equal or surpass that of gold, the price of BTC could theoretically soar to as high as $2.2 million. Such predictions have reignited discussions about Bitcoin’s long-term potential as a digital store of value and an alternative to traditional safe-haven assets.
Ethereum (ETH)’s Path Toward $22,000
Lee didn’t stop at Bitcoin. He also made a bold call for Ethereum, predicting that the second-largest cryptocurrency could hit $22,000.
For this to happen, Lee outlined two conditions:
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The ETH/BTC ratio would need to revisit its 2021 peak of 0.087,
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Bitcoin itself would need to reach $250,000 by the end of the year.
If both scenarios play out, Lee believes Ethereum could embark on an unprecedented rally that would cement its place as a dominant force in the crypto ecosystem.
Previous Forecasts Remain Ambitious
This isn’t the first time Lee has issued optimistic projections. In earlier statements, he suggested that Bitcoin could trade between $200,000 and $250,000 by year’s end, while Ethereum could range between $10,000 and $12,000. His latest comments show that he sees even greater upside potential under the right conditions.
BitMine’s Massive Ethereum Accumulation
Lee also highlighted BitMine’s ongoing strategy to expand its Ethereum holdings. The company aims to control up to 5% of ETH’s total supply, reinforcing its long-term confidence in the asset.
Just last week, BitMine announced the purchase of 234,846 ETH valued at around $963 million. With this acquisition, the firm now holds approximately 2,650,900 ETH, representing more than 2% of the total supply — worth nearly $11 billion.
TOKEN2049 Singapore Started: The World’s Largest Crypto Event!
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