Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000

Fundstrat co-founder and chief investment officer Tom Lee believes that the market is significantly undervaluing Ethereum (ETH).

In a new interview with the host of the Coinage podcast, Zack Guzman, Lee says that a fair market value for ETH may be as much as $10,000, a more than 299% increase from its current value.

Lee says that ETH should have a much higher value because of the market value of the projects that are being built on the layer-1 blockchain, including Circle, the issuer of the second-largest dollar-pegged stablecoin USDC and the euro-pegged Euro Coin (EURC). USDC and EURC were initially launched on the Ethereum blockchain.

“I’ll just give you something simple to think about… Circle, which has been a very successful IPO (initial public

Continue reading