Tom Lee: Ethereum Could Top $10,000 Within 12 Months as Institutions Rotate In

At Korea Blockchain Week, CoinDesk's Jennifer Sanasie and Eleanor Terrett sit down with BitMine chairman Tom Lee, who lays out his case that Ethereum could surge past $10,000 in the next 12 months. Lee explains how BitMine amassed more than 6 million ETH in 15 months, largely by accumulating 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. Lee argues that institutions remain drastically underweight crypto heading into Q4 and predicts a major rotation into the asset class. He also makes the case that tokenization is the next avenue for banks to grow profits, tying the treasury strategy and institutional positioning together into a broader thesis on where capital flows could head. The interview offers a detailed look at BitMine's accumulation approach, the mechanics of digital-asset treasury companies issuing above net asset value, and Lee's expectations for institutional allocation. It closes with his outlook on tokenization as a driver of bank profitability and the rotation he anticipates in the final quarter of the year.