Tom Lee has reiterated some of the aggressive Ethereum targets out there, telling attendees at Binance Blockchain Week on 4 December that ETH might finally commerce at $62,000 because it turns into the core infrastructure for tokenized finance.
“Okay, so let me clarify to you why Ethereum, now that we’ve talked about crypto, […] is the way forward for finance,” Lee mentioned on stage. He framed 2025 as Ethereum’s “1971 second,” drawing a direct analogy to when the US greenback left the gold normal and triggered a wave of economic innovation.
Lee’s Thesis For Ethereum
“In 1971, the greenback went off the gold normal. And in 1971, it galvanized Wall Road to create monetary merchandise to verify the greenback can be the reserve forex,” Lee argued. “Properly, in 2025, we’re tokenizing every little thing. So it’s not simply the greenback that’s getting tokenized, however it’s shares, bonds, actual property.”
In his view, this shift positions ETH as the first settlement and execution layer for tokenized belongings. “Wall Road is, once more, going to benefit from that and create merchandise onto a sensible contract platform. And the place they’re constructing that is on Ethereum,” he mentioned. Lee pointed to present real-world asset experiments as early proof, noting that “nearly all of this, the overwhelming majority, is being constructed on Ethereum,” and including that “Ethereum has received the sensible contract battle.”
Lee additionally harassed that ETH’s market conduct has not but mirrored that structural position. “As you realize, ETH has been vary certain for 5 years, as I’ve shaded right here. Nevertheless it’s begun to interrupt out,” he informed the viewers, explaining why he “received very concerned with Ethereum by turning Bitmine into an ETH treasury firm, as a result of we noticed this breakout coming.”
The core of his valuation case is expressed by way of the ETH/BTC ratio. Lee expects Bitcoin to maneuver sharply larger within the close to time period: “I believe Bitcoin goes to get to $250,000 inside a number of months.” From there, he derives two key ETH eventualities.
First, if the ETH/BTC value relationship merely reverts to its historic imply, he sees substantial upside. “If ETH value ratio to Bitcoin will get again to its eight yr common, that’s $12,000 for Ethereum,” he mentioned. Second, in a extra aggressive case the place ETH appreciates to 1 / 4 of Bitcoin’s value, his long-standing $62,000 goal emerges: “If it will get to 0.25 relative to Bitcoin, that’s $62,000.”
🔥 TOM LEE CALLS FOR $62,000 $ETH
“I believe Ethereum’s going to grow to be the way forward for finance, the fee rails of the longer term and if it will get to .25 relative to Bitcoin that’s $62,000. Ethereum at $3,000 is grossly undervalued.” pic.twitter.com/VydvLou9IE
— CryptosRus (@CryptosR_Us) December 4, 2025
Lee hyperlinks these ratios on to the tokenization narrative. “If 2026 is about tokenization, meaning Ether’s utility worth must be rising. Due to this fact, it is best to watch this ratio,” he informed the group, arguing that valuation ought to observe rising demand for ETH blockspace and its position as “the fee rails of the longer term.”
He concluded with a pointed evaluation of present ranges: “I believe Ethereum at $3,000, in fact, is grossly undervalued.”
At press time, ETH traded at $3,128.
Featured picture created with DALL.E, chart from TradingView.com
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