Bitmine Chairman of the Ethereum Treasury: Wall Street is "quietly" buying crypto assets, and ETH may rise to $15,000.

Odaily News The chairman of Bitmine Immersion (BMNR), a treasury company of Ethereum, and co-founder of Fundstrat, Tom Lee, stated in an interview with CoinDesk TV that despite the market rebounding, many investors still do not believe in the authenticity of this round of market activity, which is the key to driving further pump in crypto assets. Lee pointed out that since 2020, investors have repeatedly underestimated each market recovery, and he referred to the rebound that started in April as "the most underestimated V-shaped reversal in history." He noted that TradFi is "steadily and quietly" entering the crypto market, especially Ethereum, whose legal clarity and technical stability make it the preferred platform for Wall Street's advancement of tokenization. Bitmine currently holds 625,000 ETH, with total assets nearing $2.8 billion and almost no debt. Lee confirmed that the company is advancing a $1 billion share buyback plan, aiming to hold 5% of the ETH supply. Meanwhile, Lee predicts that the upcoming rate cut cycle by the Fed could drive Bitcoin to $250,000. He believes that the current price of ETH is $3,700, but based on network fundamentals, its reasonable valuation should be $15,000, emphasizing that "we are not at the top yet, we are just in the middle of the cycle." (CoinDesk)