On CNBC’s Power Lunch program, Lee discussed the rising interest of Wall Street financial firms in asset tokenization. According to the businessman, BlackRock and Robinhood are already testing tokenized securities and settlement systems on the blockchain. Many major financial companies aim to transition all assets to blockchain platforms to speed up and streamline outdated procedures, assured the co-founder of Fundstrat Global Advisors.
Considering that financial transactions with tokenized assets will occur on the Ethereum blockchain, this should ensure consistent demand for Ether, the entrepreneur is confident. He speculated that Ether will trade in the \$7000–\$9000 range at the beginning of 2026, with potential to reach \$20,000 in the longer term.
The businessman also expressed optimism regarding Bitcoin, calling it a solid store of value. Lee predicts that Bitcoin could reach an ambitious \$200,000 mark next year. The entrepreneur labeled the first cryptocurrency’s weakening relative to gold as “temporary market conditions,” rather than fundamental issues with Bitcoin.
BitMine Immersion Technologies is considered the largest corporate holder of Ether—it currently possesses 4,066,062 coins. The company vowed to acquire 5% of all circulating Ether and has already reached 3.37%.
This month, Tom Lee suggested that Ether had reached its bottom, prompting BitMine to quickly acquire more coins during the dip. The company intensified its Ether purchasing after the launch of the Ethereum Fusaka upgrade.
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