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Ethereum is undervalued relative to Bitcoin, and ETH could rise to $6,000 if BTC breaks above $150,000, Bitmine Chairman Tom Lee said in an interview with crypto newsletter Milk Road.
Lee said ETH could gain through the rest of this year on possible passage of the U.S. CLARITY Act, renewed inflows from sidelined capital, crypto inflows from Asia, and catch-up buying by global institutions seeking to lift quarterly returns. Lee added the ETH/BTC ratio could retest its previous high of 0.08, while even a more conservative recovery to 0.04 would still leave significant upside. Lee said BTC still has long-term upside potential, but over the next five years, asset tokenization and AI-based finance are likely to lead the market.