Tom Lee Says Ethereum Could Surge Past $10,000 in the Next 12 Months

Jennifer Sanasie and Eleanor Terrett sit down with BitMine chairman Tom Lee at Korea Blockchain Week. Lee explains how BitMine amassed more than 6 million ETH in 15 months, mostly through a bear market, and why he expects digital-asset treasuries to come roaring back as they issue above NAV and take supply off the market. He argues institutions remain drastically underweight crypto heading into Q4 and predicts a major rotation, makes the case that tokenization is the next way banks grow profits, and defends Ethereum's dominance on developer depth and staking diversity. - Chapters/Timecodes: 00:00 Reacting to Arthur Hayes's $10,000 ETH Call 00:51 Why Ethereum Got a Bad Rap — and What Changed 01:44 Amassing 5% of ETH in a Bear Market 02:39 The DAT Resurgence and Supply Squeeze 03:34 BitMine's Record Buyback and 'Moonshots' 04:54 Institutions Are Underweight — Q4 Rotation Ahead 05:46 Does Ethereum Still Have Market Share? 06:40 Why Tokenization Is How Banks Grow Profits 08:04 What Keeps Ethereum Competitive 09:22 Why Show Up at Korea Blockchain Week - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj