As chairman of Bitmine Immersion Technologies (BMNR 11.12%), the world’s largest Ethereum (ETH +4.80%) treasury company, Tom Lee is no stranger to super-bullish crypto price predictions. His latest price target, though, might have you scratching your head.

Lee predicts that Ethereum will soar from $2,000 to $62,000. If he’s right, that would be a 3,000% return! Even investors in AI, quantum computing, or space exploration will likely find it impossible to achieve the same type of results over the next few years.

What’s behind the $62,000 price target?

There are a number of key factors that go into the $62,000 price target. The first involves Ethereum’s historical dominance within the field of decentralized finance (DeFi). Over the past…