tl;dr
Tom Lee, Fundstrat's head analyst and known Bitcoin bull, has recently included Ethereum in his bullish crypto outlook. While not providing specific price predictions, he encourages holding both Bitcoin and Ethereum, citing their growing usefulness in 2025. Earlier, Lee predicted Bitcoin could reach...
Tom Lee, Fundstrat’s head analyst and a known Bitcoin permabull, has recently expanded his bullish cryptocurrency outlook to include Ethereum alongside Bitcoin. He encourages investors to hold both assets, highlighting their growing usefulness in 2025. While Lee refrains from making specific price predictions this time, his earlier forecasts suggested Bitcoin could soar to $3 million in the long term due to a soaring demand amid limited supply, with 95% of Bitcoin’s total supply already mined.
Lee’s optimism for Ethereum is tied to regulatory developments, specifically the “Genius Act” concerning stablecoin regulations. Since the majority of stablecoins are built on the Ethereum blockchain, this increases Ethereum’s utility, potentially bolstering its future value and relevance in the crypto ecosystem.
Despite the positive outlook, both Bitcoin and Ethereum have recently seen notable price declines. Bitcoin dropped about 4.87% following the Federal Reserve’s decision to maintain interest rates and amidst ongoing military tensions in the Middle East. Meanwhile, Ethereum’s price fell more steeply, declining over 9% since Monday and more than 15% since June 12, trading around $2,427 amid broader market losses.
These recent shifts underline the ongoing market volatility influenced by global economic decisions and geopolitical factors. Yet, analysts like Tom Lee maintain confidence in the long-term growth potential of these leading cryptocurrencies, suggesting their strategic value continues to grow in the evolving financial landscape.