A major financial leader believes that Ethereum (ETH-USD) is ready for a massive price jump that will change the way the world moves money. Recently, Tom Lee, who serves as the chairman of BitMine Immersion Technologies (BMNR), told a crowd in Miami that the coin is currently a bargain at $2,300. He thinks the value of this token will reach new heights as smart robots and digital assets become a normal part of the economy.
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Tom Lee Identifies a Bargain Ethereum Price
The market expert explained that Ethereum is undervalued despite its growing role in the world of finance. He believes that the recent recovery in digital assets shows that the market slump is finally over.
Because of this, he sees a path for the coin to eventually reach $22,000. Lee noted that at the current price around $2,300, Ethereum is cheap. He expects the coin to emerge as one of the biggest winners in the next market rally.
AI systems Require Digital Money
A large part of the prediction centers on how artificial intelligence will use the blockchain. These smart systems will need a way to pay for services without using traditional banks that close on weekends. Ethereum is the best choice for this because its network is very safe and has a perfect record of staying online. Lee mentioned that agents are going to need money to explain how these future AI programs will operate in the global economy.
BitMine Controls a Massive Ethereum Supply
As the leader of BitMine, Lee highlighted how his company is already preparing for this future. The firm has gathered more than 4% of all the Ethereum in the world and uses most of it to earn rewards. This part of their business brings in over $300 million every year. Lee described Ethereum as a scarce settlement layer because there is a limited amount of it available. He believes that as more big companies try to buy Ether coins, the price will naturally move much higher.
At the time of writing, Ethereum’s price is sitting at $2,280.70.
