Tom Lee has reiterated one of the aggressive Ethereum targets out there, telling attendees at Binance Blockchain Week on 4 December that ETH might ultimately 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 stated on stage. He framed 2025 as Ethereum’s “1971 moment,” drawing a direct analogy to when the US greenback left the gold commonplace and triggered a wave of monetary innovation.
Lee’s Thesis For Ethereum
“In 1971, the greenback went off the gold commonplace. And in 1971, it galvanized Wall Avenue to create monetary merchandise to verify the greenback can be the reserve forex,” Lee argued. “Nicely, in 2025, we’re tokenizing everything. So it’s not simply the greenback that’s getting tokenized, nevertheless it’s shares, bonds, actual property.”
In his view, this shift positions ETH as the first settlement and execution layer for tokenized property. “Wall Avenue is, once more, going to reap the benefits of that and create merchandise onto a wise contract platform. And the place they’re constructing that is on Ethereum,” he stated. Lee pointed to present real-world asset experiments as early proof, noting that “the vast majority 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 habits has not but mirrored that structural position. “As , ETH has been vary sure for 5 years, as I’ve shaded right here. But it surely’s begun to interrupt out,” he instructed the viewers, explaining why he “acquired very concerned with Ethereum by turning Bitmine into an ETH treasury company, 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 increased 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 situations.
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 12 months common, that’s $12,000 for Ethereum,” he stated. 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 turn out to be the way forward for finance, the cost 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, which means Ether’s utility worth needs to be rising. Subsequently, it’s best to watch this ratio,” he instructed the group, arguing that valuation ought to observe rising demand for ETH blockspace and its position as “the cost 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.

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