‘One of the Biggest Macro Trades Over the Next Decade’: Tom Lee Sees Ethereum Mirroring Bitcoin’s 2017 Price Explosion – Here Are His Targets

The Chief Funding Officer (CIO) of Fundstrat Capital, Tom Lee, believes that Ethereum (ETH) is without doubt one of the “largest macro transactions of the subsequent decade” with the potential for an enormous benefit.

In a brand new interview on the bankless YouTube channel, Lee out That the extra common buyers embrace it, Ethereum might expertise a parabolic rally that’s similar to what Bitcoin (BTC) did in 2017.

“… If individuals return to 2017 as a result of I believe Ethereum has his Bitcoin 2017 this 12 months -where Wall Road lastly finds out ETH … Bitcoin was $ 1,000 at first of 2017. And it was not till August … Then the proper went up. I imply, actually went up.”

In accordance with Lee, Ethereum is at the moment undervalued and will rise to 290% from the present stage.

“I believe the value within the quick time period that individuals ought to take into consideration, will get Ethereum as much as $ 4,000, as a result of Ethereum needs to be a greater story than in December. And it was $ 4,000 in December. So we’ve got to reclaim no less than to that stage.

After which Ethereum is a greater story as we speak than a 12 months in the past. And a 12 months in the past Ethereum was 0.05 BTC [the price of ETH in Bitcoin… at 0.05 Bitcoin, it’s like almost $6,000. So, just like saying giving it credit for where it was a year ago, it should be $6,000.

But, of course, there is going to be a lot happening between now and year-end, including other Ethereum treasuries starting to buy Ethereum. Plus, Bitcoin goes up. So, I think by the year-end, it’s not unreasonable to think $7,000. Even $12,000 or $15,000 could happen.”

Ethereum is trading at $3,840 (0.0329 BTC) at time of writing.

https://www.youtube.com/watch?v=iclSNZZ1KYSK

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