Tom Lee Sees Ether Surging to $15,000, Positioning Ethereum as Wall Street’s Preferred Network

Tom Lee: Stablecoins Spark Ethereum’s “ChatGPT Moment” as Institutions Eye Blockchain Utility

Stablecoins are accelerating crypto adoption at an unprecedented pace, creating what Fundstrat co-founder and Bitmine chairman Tom Lee calls a “ChatGPT moment” for digital assets — with Ethereum (ETH) at the center of Wall Street’s growing interest.

In an interview with CoinDeskTV, Lee highlighted how stablecoins have emerged as a simple and compelling use case for crypto. Their increasing utility in payments and asset transfers is gaining traction with banks, merchants, and consumers alike.

“Stablecoins have gone viral,” Lee said. “They’ve shown crypto’s real-world potential in a way that resonates broadly — and that’s drawing institutions in.”

Ethereum, with over half of the $250 billion stablecoin supply and a leading position in asset tokenization, is becoming the chain of choice for institutions looking to build within a compliant U.S. framework.

“Wall Street wants scale, legitimacy, and real utility,” Lee noted. “Ethereum offers that. It’s a live ecosystem with a significant footprint in tokenized real-world assets.”

While Bitcoin remains the go-to store of value, Lee believes Ethereum holds more asymmetric upside. Fundstrat estimates ETH could reach $4,000 in the near term, with a fair value between $10,000 and $15,000 by year-end.

“Our view is that Ethereum is deeply undervalued,” Lee said. “From a treasury perspective, owning ETH could offer 10x return potential — that’s a compelling case.”

His firm, Bitmine Immersion Technologies (BMNR), has already made a sizable bet on that thesis. The company, which recently shifted from Bitcoin mining to an Ethereum treasury strategy, now holds over 300,000 ETH in spot and options positions — a stake currently valued above $1 billion.