Tom Lee predicts that the price of Ethereum will reach $250,000

According to DL News, Bitmine Chairman Tom Lee has made a prediction that the price of Ethereum will skyrocket by 8000% to $250,000, which would bring Ethereum's total market capitalization to approximately $30 trillion.

At the same time, Lee proposed to increase Bitmine's authorized shares from 500 million to 50 billion in preparation for a future stock split, and he expects that when Ethereum reaches the target price, Bitmine's stock price will hit $5,000.