Tom Lee Says "Ethereum Will Surpass Bitcoin", Shares BTC Price Forecast

Tom Lee, co-founder of Fundstrat Global Advisors, shared his views on the crypto market. Although optimistic about the future of Bitcoin, Lee explained that he expects a stronger bullish outlook for Ethereum. According to Tom Lee, the main attraction of Bitcoin lies in its role as a store of value. Lee notes that Wall Street is also aware of this, and interest from institutional investors is increasing. He predicts that Bitcoin could reach a value of up to $1.2 million, potentially becoming an asset like gold. However, Lee's main focus is Ethereum. The analyst notes that "smart contracts" are the key feature that distinguishes Ethereum from Bitcoin, arguing that this gives Ethereum a broader range of applications. He notes that the fields of financial services and artificial intelligence (AI) are building on the blockchain platform of Ethereum to create infrastructure for the future. He argues that these developments reinforce the belief that the total network value of Ethereum could one day surpass Bitcoin. In addition to the interest from the fields of artificial intelligence and finance in Ethereum, he stated that the proactive approach of the U.S. government towards cryptocurrencies, especially stablecoins, could reinforce the dominance of the dollar in the global financial system. He also mentioned that he became the chairman of the board of directors of the Ethereum Bitmine fund management company on June 30, 2025, and received an investment of 250 million dollars with the aim of transforming the company's fund management operations.