Tom Lee, the newly appointed chairman of BitMine and co-founder of Fundstrat, recently shared his insights in a CoinDesk interview, highlighting the valuation dynamics within the crypto sector. He emphasized that considering Circle’s current valuation at approximately 130 times EBITDA, it is justifiable to anticipate Ethereum’s price potentially reaching $15,000. This valuation metric, widely used to assess operating performance, underscores the growing institutional interest in Ethereum.
Furthermore, Lee aligned with analyst Mark Newton’s forecast, projecting that Ethereum could surpass $4,000 by the end of the month. This perspective reflects a broader market sentiment driven by robust fundamentals and increasing adoption, reinforcing Ethereum’s position as a leading digital asset in the evolving financial ecosystem.