Lee echoed his comments from an earlier interview, opining that there is no longer a four-year cycle and Bitcoin will make new highs in early 2026, speaking at this week’s Binance blockchain conference in Dubai on Thursday.
He added that BTC will mirror the performance of the S&P 500 US stock index next year and predicted a price high of $300,000. If that’s the case, “I think Ethereum is lights out,” he said before adding a more outlandish price prediction.
“In the next year it [ETH] could be over $20,000.”
🚨 Tom Lee at Binance Blockchain Week: 2026 Outlook
– S&P breakout
– Bitcoin $300k
– Ethereum $20kSupercycle is loading.. 📈$BTC $ETH $BMNR pic.twitter.com/KGVvDZrnve
— SamAlτcoin.eth 🌎 (@SAMALTCOIN_ETH) December 4, 2025
The Bigger The Base, The Bigger The Breakout
Lee also reiterated the notion that Wall Street is starting to tokenize securities, and most of this is being done on Ethereum. The network currently has more than 70% market share of real-world asset tokenization value when layer-2s and EVM platforms are included, according to RWA.xyz.
He also pointed out that Ether has been rangebound for five years, but it has begun to break out. The bigger the base, the bigger the breakout, he said, explaining why he turned BitMine into an ETH treasury company.
“I think Ethereum is going to become the future of finance, the payment rails of the future, and if it gets to 0.25 relative to Bitcoin, that’s $62,000. Ethereum at $3,000 is grossly undervalued.”
Tom Lee says the setup for Ethereum is simple:
“The bigger the base, the bigger the breakout”
ETH spent years building the same kind of base it had before the move from $90 → $4,866
If the pattern repeats, the next leg could be far larger than people expect
(Shared at… pic.twitter.com/aMBWwLyZ0J
— Tom Lee Tracker (Not actually Tom) (@TomLeeTracker) December 4, 2025
BitMine is putting its money where its mouth is with another Ether purchase, bringing the number of buys to four this week alone, according to Lookonchain on Friday.
The firm scooped another 41,946 ETH worth $131 million on Thursday, it reported. Although the buys have not been officially confirmed, BitMine appears to have purchased more than $350 million worth of the asset this week.
Is ETH Ready For a Pump?
Analyst ‘Sykodelic’ echoed the bullish sentiment, stating on Thursday that “ETH looks ready to push much higher.”
“In the last five years, every single time the 1-day RSI has gone from overbought down to oversold, and then broken the trend, it has pumped a minimum of 45%. That takes us to $4,300.”
Ether was trading at $3,170 during the Friday morning Asian session after failing to break resistance at $3,200 yesterday.
The asset has gained 13% over the past fortnight, recovering from its double dip below $3,000, and appears to be forming a W-shaped bottom.