BitMine’s Tom Lee Predicts $12K ETH by Year-End, Calls Ethereum “Wall Street’s Blockchain”

BitMine’s Tom Lee has predicted that ETH could hit $12,000 by the end of 2025. The CEO also identified Ethereum as the preferred cryptocurrency on Wall Street at present, as institutional adoption continues to grow.

Tom Lee Tags Ethereum as Wall Street’s Choice

Speaking at Blockchain Week in South Korea, BitMine’s Tom Lee positioned Ethereum as the future backbone of both Wall Street and U.S. government adoption. He also predicted that ETH could surge to as high as $12,000 by the end of the year.

Lee, who co-founded Fundstrat, described the token as a “neutral chain” that resists centralization and political bias. He argued that this neutrality is exactly why Wall Street giants and the White House are leaning toward its adoption.

“The big players of the Wall Street world want to be on neutral and decentralized platforms. Not only Wall Street, but also the White House and Congress are like this,” Lee said. “The Ethereum network is a neutral network where one person cannot do what they want, and cannot evolve into it…That’s why it is preferred and will be preferred even more.”

Lee added that Washington’s growing acceptance of crypto, particularly under the Trump administration, strengthens the token’s position. He tied this to emerging technologies like AI and robotics. He also noted that tokenized ecosystems will likely be built on the Ethereum blockchain.

For instance, Singapore’s largest financial institution, DBS Bank, launched tokenized structured notes on the token’s blockchain. This was a big step forward for ETH-tied institutional-grade products.

Tom Lee’s ETH Forecast: $10K–$12K by December

Lee’s bullish stance is accompanied by specific price targets. He expects the ETH price to climb to between $10,000 and $12,000 by the end of the year. Lee also shared it could potentially break into the $12,000–$15,000 range if momentum accelerates.

For Bitcoin, Lee projected a rally toward $200,000 to $250,000. He also cited seasonal Q4 strength and a dovish turn from the Federal Reserve as catalysts. Lee also argued that the token’s value relative to Bitcoin should rebound toward five-year highs.

Notably, his treasury company, BitMine, recently boosted its treasury. In its latest purchase, the company added $84 million worth of the token, primarily through over-the-counter deals with Galaxy Digital.

This continuous accumulation has led to growth in BitMine’s valuation. Its value has surged from just $37.6 million in June to nearly $9.5 billion as of the time of this press release. The company now sits alongside Strategy as one of the most significant publicly traded crypto treasuries.

Another treasury company, SharpLink, now holds over $3.7 billion in ETH, solidifying its position as the second-largest holder. Collectively, these moves have pushed the treasury market to surpass $22 billion in total value.

Tom Lee said Ethereum’s trajectory represents more than just short-term price speculation. He described the asset as entering a potential “super cycle” that could last 10 to 15 years.