BitMine Chairman Tom Lee, who is particularly optimistic about Ethereum ($ETH), has made new statements.
According to Tom Lee, the cryptocurrency bear market, which has been ongoing since the second half of last year, has entered its final phase.
Speaking at Paris Blockchain Week 2026 in Paris, Tom Lee said that the weakness in the crypto markets is coming to an end.
Lee, who described the decline as a “mini crypto winter,” noted that stock markets had already hit their bottoms after the Iran-Iraq conflict. He stated that this situation would also have a positive impact on the cryptocurrency market.
Lee, who has attracted attention with his support for Ethereum, argued that $ETH is poised for an upward trend.
According to Lee, tokenization and the widespread adoption of artificial intelligence will increase demand for the Ethereum network and trigger a major bull run.
In this context, he argued that the price of Ethereum could rise above $60,000 in the coming years, and that even $62,000 could be a fair value.
He added that this prediction is based on the assumption that Ethereum will reach approximately one-quarter of Bitcoin’s value in the long term.
Tom Lee stated that he has high expectations for Ethereum’s growth, while BitMine recently reported a net loss of $3.82 billion to the SEC for the first quarter. Approximately $3.78 billion of this loss stemmed from a decline in the value of $ETH assets.
*This is not investment advice.
