The World’s Largest ETH Holder - Tom Lee on Treasuries, Ethereum Dominance, and Wall Street

Listen to this episode from Bankless on Spotify. In this episode, we talk with Tom Lee, chairman of Bitmine, about the rapid growth of his ETH treasury company and its goal to secure 5% of the total ETH supply.Tom believes Ethereum could surpass Bitcoin in value, forecasting potential prices between $4,000 and $15,000. We discuss market dynamics, risks of excessive leverage, and his insights on valuing Ethereum and NFTs like Pudgy Penguins. Tune in for key insights into Ethereum’s future and Wall Street’s role in crypto.------📣 LISTEN TO THE EXCLUSIVE DEBRIEF:https://www.bankless.com/podcast/debrief-tom-lee-treasury------BANKLESS SPONSOR TOOLS:🪙FRAX | SELF SUFFICIENT DeFihttps://bankless.cc/Frax🦄UNISWAP | SWAP ON UNICHAINhttps://bankless.cc/unichain🛞MANTLE | MODULAR LAYER 2 NETWORKhttps://bankless.cc/Mantle------TIMESTAMPS0:00 Intro2:57 The Rise of ETH Treasuries8:27 The 5% ETH Strategy12:08 The Role of Ethereum in Wall Street17:57 Accumulating More ETH26:39 Wall Street's Misunderstanding of Crypto29:41 Ethereum's 2017 Moment37:09 The Potential for 100x45:52 Estimating ETH's Value50:08 Navigating Market Risks59:36 Closing Thoughts on Ethereum------RESOURCESTom Leehttps://x.com/fundstrat------Not financial or tax advice. See our investment disclosures here:https://www.bankless.com/disclosures