Tom Lee, chairman of BitMine and co-founder of Fundstrat, boldly predicts in a recent analysis that the ultimate price of Ethereum (ETH) could reach $62,500 based on the ETH/BTC ratio framework and a perspective on the "reset cost" of future financial systems. He points out that the ratio of Ethereum to Bitcoin is currently below its eight-year average, indicating potential for a return and surpass. Lee demonstrates through a calculation grid that if Bitcoin reaches $250,000 by the end of the year, the price of Ethereum could reach between $12,000 and $22,000; and if Ethereum becomes the underlying infrastructure for Wall Street's payment systems and artificial intelligence, its value will be priced according to the "reset cost" of the TradFi tracks it replaces, potentially achieving an explosive rise to $62,500.
Why Ethereum Could Soar to $62,500
"The 8-year average ratio of Ethereum to Bitcoin is 0.04790, currently at 0.0432, which means we are below the long-term average. The historical highest value of this ratio was 0.0873," Lee said. "Of course, it rose initially, but I'm referring to the historical peak in 2021. Therefore, we believe that Ethereum should not only recover to the long-term average level but may also reach historical highs, and possibly exceed them, as we start to talk about Ethereum as the chain that Wall Street builds payment tracks and financial systems as well as artificial intelligence."
Then he elaborated in detail: "So, let's think about what this means for prices. I have a chart here. On the left is the price level of Bitcoin, and on the right are the different levels of the Ethereum to Bitcoin ratio. Our target by the end of this year - this is given by Fundstrat - is a price of Bitcoin at $250,000. If you look at the average, then you can see the price range of Ethereum using this ratio and different levels of Bitcoin. This is the peak in 2021. As you can see, when the price of Bitcoin is $250,000, the value of each Ethereum token is between $12,000 and $22,000."
"Reset Cost": The Path to $62,500
The image shows: If BTC rises to 250,000 USD, while ETH's trading price remains at the average ratio, it means the price is about 12,000 USD; if ETH's price returns to the 2021 ratio peak of about 0.087, it will leap to nearly 22,000 USD. "But this is just a rebound in ratio," Lee continued. "If you consider the reset costs of payment systems and banking systems, you would arrive at an implied value for Ethereum of about 60,000 USD. This means the ratio of Ethereum to Bitcoin is about 0.250. As you can see, that puts the price of each Ethereum token at 62,500 USD. So there is a lot of room for growth."
Lee places this ratio-prioritized mathematical formula within a broader structural argument that as real-world assets are synthesized into on-chain tools, stablecoins as digital base currency continue to expand, Ethereum is entering the "1971 moment" of finance. The short-term numerical anchor point is the exchange rate of 0.0432 ETH/BTC, below the eight-year average of 0.04790; the medium-term target is to return to the peak he mentioned in 2021, and may even surpass that peak. The grid transforms these path points into discrete ETH prices referenced to fixed Bitcoin, which is why Lee emphasizes the coexistence of these two variables rather than solely focusing on the trend of ETH.
Structural Advantages of Ethereum and Institutional Applications
Apart from grids, Lee believes that Ethereum occupies the largest share of tokenized financial activities, and its proof of stake (PoS) economics aligns with the current approach of regulatory agencies towards payment security and uptime. According to him, banks and market operators have funded isolated infrastructure stacks; staking ETH to secure public rails can replace these expenditures while earning native yields. He stated that as venture capital and cash flow migrate, this incentive mechanism would drive up the ETH/BTC ratio.
This is also where the "cost of reset" perspective relates to the $62,500 outcome: if Ethereum becomes the settlement basis for payment networks, tokenized credit and equity, and data rights related to artificial intelligence, the market should price ETH based on the value of the tracks it replaces, rather than just historical multiples or cyclical heuristics.
BitMine's Business Blueprint
This information also places BitMine's corporate blueprint within this macro arc. Lee describes BitMine as an Ethereum fund management company, aiming to achieve compound growth per share of ETH through five levers - stock issued above net asset value, volatility monetization linked to stocks, operating cash flow, staking rewards, and mergers and acquisitions closely managing funds at net asset value. He believes that the Proof of Stake (PoS) mechanism will transform ETH's balance sheet into an infrastructure asset capable of generating income.
Lee's calculations clarify the dependencies: Bitcoin is anchored around $250,000, the ETH/BTC exchange rate first rises to the long-term average (about 0.048), then reaches the peak of 2021 (about 0.0873), and under the cost reset scenario, rises to about 0.25. The first two steps imply that there are approximately $12,000 to $22,000 worth of ETH on his grid; the third part elaborates on the $62,500 "surge" case related to the migration of financial pipelines and settlement on Ethereum in the era of artificial intelligence. As he states: "This is the reason why every Ethereum token price reaches $62,500."
Conclusion
Tom Lee's prediction provides a bold and imaginative framework for the long-term value of Ethereum. It combines short-term technical analysis with long-term macro structural changes, highlighting that ETH is not just a cryptocurrency, but a potential global financial infrastructure. While the price of $62,500 sounds like a distant target, his "reset cost" argument offers a new perspective for understanding its potential value. This argument also suggests that as the world of TradFi and technology merges with blockchain, the valuation methods for Ethereum may need to be redefined.
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Amazing prediction! Tom Lee reveals the roadmap for Ether rising to $62,500.
Tom Lee, chairman of BitMine and co-founder of Fundstrat, boldly predicts in a recent analysis that the ultimate price of Ethereum (ETH) could reach $62,500 based on the ETH/BTC ratio framework and a perspective on the "reset cost" of future financial systems. He points out that the ratio of Ethereum to Bitcoin is currently below its eight-year average, indicating potential for a return and surpass. Lee demonstrates through a calculation grid that if Bitcoin reaches $250,000 by the end of the year, the price of Ethereum could reach between $12,000 and $22,000; and if Ethereum becomes the underlying infrastructure for Wall Street's payment systems and artificial intelligence, its value will be priced according to the "reset cost" of the TradFi tracks it replaces, potentially achieving an explosive rise to $62,500.
Why Ethereum Could Soar to $62,500
"The 8-year average ratio of Ethereum to Bitcoin is 0.04790, currently at 0.0432, which means we are below the long-term average. The historical highest value of this ratio was 0.0873," Lee said. "Of course, it rose initially, but I'm referring to the historical peak in 2021. Therefore, we believe that Ethereum should not only recover to the long-term average level but may also reach historical highs, and possibly exceed them, as we start to talk about Ethereum as the chain that Wall Street builds payment tracks and financial systems as well as artificial intelligence."
(Tom Lee's Ethereum price prediction | Source: BitMine)
Then he elaborated in detail: "So, let's think about what this means for prices. I have a chart here. On the left is the price level of Bitcoin, and on the right are the different levels of the Ethereum to Bitcoin ratio. Our target by the end of this year - this is given by Fundstrat - is a price of Bitcoin at $250,000. If you look at the average, then you can see the price range of Ethereum using this ratio and different levels of Bitcoin. This is the peak in 2021. As you can see, when the price of Bitcoin is $250,000, the value of each Ethereum token is between $12,000 and $22,000."
"Reset Cost": The Path to $62,500
The image shows: If BTC rises to 250,000 USD, while ETH's trading price remains at the average ratio, it means the price is about 12,000 USD; if ETH's price returns to the 2021 ratio peak of about 0.087, it will leap to nearly 22,000 USD. "But this is just a rebound in ratio," Lee continued. "If you consider the reset costs of payment systems and banking systems, you would arrive at an implied value for Ethereum of about 60,000 USD. This means the ratio of Ethereum to Bitcoin is about 0.250. As you can see, that puts the price of each Ethereum token at 62,500 USD. So there is a lot of room for growth."
Lee places this ratio-prioritized mathematical formula within a broader structural argument that as real-world assets are synthesized into on-chain tools, stablecoins as digital base currency continue to expand, Ethereum is entering the "1971 moment" of finance. The short-term numerical anchor point is the exchange rate of 0.0432 ETH/BTC, below the eight-year average of 0.04790; the medium-term target is to return to the peak he mentioned in 2021, and may even surpass that peak. The grid transforms these path points into discrete ETH prices referenced to fixed Bitcoin, which is why Lee emphasizes the coexistence of these two variables rather than solely focusing on the trend of ETH.
Structural Advantages of Ethereum and Institutional Applications
Apart from grids, Lee believes that Ethereum occupies the largest share of tokenized financial activities, and its proof of stake (PoS) economics aligns with the current approach of regulatory agencies towards payment security and uptime. According to him, banks and market operators have funded isolated infrastructure stacks; staking ETH to secure public rails can replace these expenditures while earning native yields. He stated that as venture capital and cash flow migrate, this incentive mechanism would drive up the ETH/BTC ratio.
This is also where the "cost of reset" perspective relates to the $62,500 outcome: if Ethereum becomes the settlement basis for payment networks, tokenized credit and equity, and data rights related to artificial intelligence, the market should price ETH based on the value of the tracks it replaces, rather than just historical multiples or cyclical heuristics.
BitMine's Business Blueprint
This information also places BitMine's corporate blueprint within this macro arc. Lee describes BitMine as an Ethereum fund management company, aiming to achieve compound growth per share of ETH through five levers - stock issued above net asset value, volatility monetization linked to stocks, operating cash flow, staking rewards, and mergers and acquisitions closely managing funds at net asset value. He believes that the Proof of Stake (PoS) mechanism will transform ETH's balance sheet into an infrastructure asset capable of generating income.
Lee's calculations clarify the dependencies: Bitcoin is anchored around $250,000, the ETH/BTC exchange rate first rises to the long-term average (about 0.048), then reaches the peak of 2021 (about 0.0873), and under the cost reset scenario, rises to about 0.25. The first two steps imply that there are approximately $12,000 to $22,000 worth of ETH on his grid; the third part elaborates on the $62,500 "surge" case related to the migration of financial pipelines and settlement on Ethereum in the era of artificial intelligence. As he states: "This is the reason why every Ethereum token price reaches $62,500."
Conclusion
Tom Lee's prediction provides a bold and imaginative framework for the long-term value of Ethereum. It combines short-term technical analysis with long-term macro structural changes, highlighting that ETH is not just a cryptocurrency, but a potential global financial infrastructure. While the price of $62,500 sounds like a distant target, his "reset cost" argument offers a new perspective for understanding its potential value. This argument also suggests that as the world of TradFi and technology merges with blockchain, the valuation methods for Ethereum may need to be redefined.