Tom Lee: 2026 May Be the Key Year for Ethereum's Full Breakout
Jinse Finance reported that Tom Lee, Chairman of BitMine and co-founder of Fundstrat, stated at the latest BitMine shareholders' meeting that Ethereum is at the core of a new round of financial infrastructure transformation, and 2026 may become a key year for Ethereum's full-scale breakout. Tom Lee pointed out that Ethereum reached a historical high in the ETH/BTC exchange rate in 2021. With the tokenization of real-world assets and the accelerated adoption by mainstream financial institutions and users, this ratio is expected to surpass its previous high again in 2026. A certain exchange also regards 2026 as the "Year of Ethereum" and predicts that the price of Ethereum will reach $12,000. Against this backdrop, Tom Lee emphasized that BitMine's business model will directly benefit from the rise in Ethereum's price. According to historical correlation estimates, if the price of ETH reaches $12,000, BitMine (BMNR) shares would theoretically correspond to about $500. In addition, BitMine will also generate considerable cash flow from Ethereum staking yields and ample cash reserves. The company currently holds about 4.2 million ETH and has around $1 billion in cash. Under current conditions, it is expected to generate pre-tax income of $402 million to $433 million; if the price of ETH rises to $12,000 and the company controls about 5% of the Ethereum supply, pre-tax income could expand to $2 billion to $2.2 billion.
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