Ethereum to $250,000? Tom Lee charts targets as Bitmine stock price jumps – DL News
- Lee makes his boldest call yet, targeting $250,000 Ethereum and $5,000 Bitmine share price.
- Bitmine shares jump 15% after stock split proposal. Shareholders urged to vote by January 14.
Ethereum’s price will surge 8,000% and trade at $250,000 per token, according to Bitmine chairman Tom Lee.
That surge would catapult the value of the second-largest crypto to about $30 trillion — more than Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla combined.
In a message to Bitmine shareholders, Lee cites the six-figure target while proposing an increase in the company’s authorised shares to grow 100-fold from 500 million to 50 billion in order to set the stage for a future stock split. He urges shareholders to vote by January 14.
