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Tom Lee Says Ethereum Could Flip Bitcoin by Powering Tokenized Finance

He invokes the post‑1971 shift to dollar‑based markets to argue tokenization could make Ethereum the venue for Wall Street‑style products.

Overview

  • Speaking with ARK Invest, Lee argued that broad tokenization of money and assets positions Ethereum’s smart‑contract platform to capture dollar‑denominated activity.
  • Lee framed Bitcoin as digital gold and cast Ethereum as neutral digital infrastructure where real‑world assets and collateral flows could be issued and traded.
  • He maintained a bullish stance on Bitcoin, citing fair‑value targets of roughly $1.5 million to $2.1 million, alongside near‑term projections of about $200,000 for BTC and $10,000–$12,000 for ETH by end‑2025.
  • Lee also floated a long‑range view that ETH could reach about $60,000 by 2030, presenting the flippening as a market‑structure thesis rather than a near‑term call.
  • Context from the debate noted Bitcoin’s market value near $2.17 trillion versus Ethereum around $476 billion and referenced ARK’s $25 trillion 2030 crypto framework and contrasting views from Joseph Lubin and Samson Mow.