Tom Lee predicts Ethereum (ETH) to reach $60,000. This valuation is based on Wall Street's adoption of Ethereum for banking activities and payment rails, potentially unfolding over the next 10 to 15 years, similar to Bitcoin's 2017 growth cycle.
"Our view of $60,000 E is really just a simple sliver of that. Just saying that if Wall Street builds a lot of banking activities and just 20% of that share is on Ethereum and then Ethereum captures a similar share of of payment rails, that's going to actually value the Ethereum network at around $60,000 per key. ... another simple way to look at ETH at 60,000 is just to literally look at ETH at the 2017 lows and the magnitude of the move it made ... This is the Ethereum's 2017 moment where Wall Street is discovering ETH and a similar magnitude move would take you to 60,000."
