Ethereum starting on ‘same supercycle’ as Bitcoin: BitMine’s Tom Lee

BitMine’s Tom Lee says Ether is set to 100x in the next few years, copying a similar price run by Bitcoin years ago.

Ether is starting on the same path that saw Bitcoin’s price multiply over 100 times since 2017, says Tom Lee, the executive chair of Ether treasury company BitMine.

Lee said in an X post on Sunday that he first recommended Bitcoin (BTC) to clients of his research firm, Fundstrat, in 2017 when it was worth around $1,000, and it had seen multiple price declines of up to 75% in the years since.

However, Bitcoin has now “100x from our first recommendation,” Lee said. “We believe ETH is embarking on that same Supercycle.”

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