BMNR Chairman: ETH Fair Value Could Reach $10,000–$20,000 in the Next 12 Months as Wall Street Explores ETH Staking
According to ChainCatcher, Tomas Lee, Chairman of Ethereum treasury company BMNR, stated on the X platform that Ethereum has outperformed the overall crypto market since early April. As stablecoins experience their "ChatGPT moment," Wall Street is flocking to ETH. In the short term, the ETH/BTC exchange rate should at least return to the level of a year ago. The digital asset team at Fundstrat Capital estimates that the fair value of ETH could be around $10,000 to $20,000 over the next 12 months. In the long run, as Wall Street tokenizes real-world assets, it will also begin to explore ETH staking.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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