Wall Street Strategist Tom Lee, Ethereum $4,716.23 He made important evaluations about the future of crypto currency. Lee said that a process similar to the abandonment of the US standard of gold in 1971 could be experienced for Ethereum. According to him, Ethereum’s Bitcoin in the future 
$115,627.98is likely to pass in terms of market value. He shared this assessment with the public in the light of current developments in crypto markets.
1971 Gold Standard and Ethereum comparison
In a recent interview, Tom Lee showed an example of the period in which the US left the gold standard. At that time, he headed under the entire focus of the financial circles; But according to Lee, Wall Street was the real winner. Based on the parallelism here, it has been suggested that many investors are largely focused on Bitcoin today, but Ethereum could come forward in the long run.
“In 1971, people focused on gold, but the winning financial markets were. Ethereum’s story looks like that,” Tom Lee said.
Recent developments in the crypto market
The Crypto Money Market began to rise after Jerome Powell, President of Federal Reserve on Friday. Powell implies that there may be interest cuts in September, led to optimism among investors and brought an increase in demand for crypto beings. These developments positively affected the daily performance of many crypto currencies, including Ethereum and Bitcoin.
Jerome Powell, “In September, there is an interest rate reduction potential,” he mobilized the markets.
Bitmine Immersion’s strategy
Tom Lee was recently appointed as the presidency of Bitmine Immersion Technologies and evaluated the company’s Ethereum investment strategies. It aims to create a large -scale Ethereum reserve. Lee describes this approach as “part of financial transformation ve and draws attention to the potential of Ethereum.
Bitmine’s investments in Ethereum contain important clues about the future orientation of the sector. The company’s strategy aims to achieve long -term economic profit. Bitmine’s move indicates that Ethereum can reach a much larger value in the future.
Tom Lee’s positive assessments on Ethereum led to new controversy in the crypto market. In the coming period, the competition between Ethereum and Bitcoin will be closely monitored how to take shape. Experts carefully monitor the developments in the market.
The predictions made on Ethereum’s market value lead to different approaches of analysts and financial experts. In this process, Ethereum’s price performance and return potential continue to be the focus of investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
