‘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 investment officer (CIO) of Fundstrat Capital, Tom Lee, believes Ethereum ( ETH ) is one of the “biggest macro trades of the next decade” with the potential for massive upside.

In a new interview on the Bankless YouTube channel, Lee says that as more mainstream investors embrace it, Ethereum could experience a parabolic rally similar to what Bitcoin ( BTC ) did in 2017.

“…If people go back to 2017 because I think Ethereum is having its Bitcoin 2017 moment this year, where Wall Street is finally getting behind ETH… Bitcoin was $1,000 in the early part of 2017. And it wasn’t until August… then it went straight up. I mean, literally went straight up.”

According to Lee, Ethereum is currently undervalued and could go up by up to 290% from the current level.

“I think the near-term price people should think about is Ethereum getting to $4,000 because Ethereum should be a better story than it was in December. And it was $4,000 in December. So we should at least recover to that level.

And then Ethereum is a better story today than it was a year ago. And a year ago, Ethereum was at 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.

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