Will the ETH price reach $ 60k? Tom Lee’s Bitmine thinks so

Ether prices have risen 150% since their lows of April under $ 1500 this week shy of $ 4,000.

The enormous movement is powered by institutional products traded with exchange and a new wave of Treasury companies that solve the assets, and one of those companies thinks that Eth is extremely undervalued.

Tom Lee’s Eth Treasury company Bitmine Immersion Technologies posted his first presentation entitled “The Alchemy of 5%” on Monday, and there are some wild predictions.

ETH valuation for $ 60k

“Many on Wall Street say that Ethereum is the” largest macro trade in the following decade, “the company said.

It called Lee’s remark that Stablecoins were a “chatgpt” moment “for crypto, the prediction of the American Minister of Finance Scott Bessent that the market capitalization of Stablecoin will see a ten -time increase, 60% of them are on Ethereum and Wall Street is Activa on Ethereum.

Bitmine stated that it asked for various research agencies to attribute a “replacement” value to Wall Street for ETH, and they reported an implicit value of $ 60,000 per unit.

Various research agencies estimate $ ETH To reach $ 60,000 per token

– ETH is now $ 3,800

Tom Lee @fundstratLord and scholar, is chairman of Bitmine $ Bmnr https://t.co/BM05TFHTOQ

– Bitmine BMNR (@BitMNR) July 28, 2025

According to a report from industry experts in June, claiming that ETH is digital oil, the long -term value could reach $ 700,000 with a market capitalization of $ 85 trillion.

Bitmine also said that his net asset value per share has been raised six times in the last 18 days due to the accumulation of ETH. The share price of the company (BMNR) has risen 724% because it announced its pivot to Ethereum at the end of June.

Bitmine is the largest company for Ethereum in the world, with 566,800 ETH worth around $ 2.12 billion at current market prices. The company owns 0.47% of the entire range of the active and has gathered more than this month has been produced.

“Bitmine wants to be Ethereum’s micro strategy,” concluded the company.

ETH -Prize retreats

Despite those exalted price valuations, Ether has withdrawn today while cryptom markets cool down again.

ETH has fallen 2.5% on the day to act at $ 3,780 at the time of writing, after he has not succeeded in reaching the psychological level of $ 4,000 on Monday.

The active retention and starts to consolidate above $ 3,500, where it has been almost fourteen days, and sustainable purchasing pressure of ETFs and companies can only mean one direction for eatery prices.