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Tom Lee: Expects Bitcoin to rise to $200,000-$250,000 by the end of the year, with Ethereum target at $10,000-$12,000.
On September 24, The Block reported that BitMine Chairman Tom Lee stated during the 2025 Korea Blockchain Week Impact Summit that he predicts Bitcoin will reach $200,000 to $250,000 by the end of the year, with an Ethereum target of $10,000 to $12,000. "I remain optimistic about Bitcoin; it typically performs strongly in Q4, and the Fed's shift from a hawkish to a dovish stance is favourable information," he added, stating that this prediction aligns with Fundstrat Chief Market Technician Mark Newton's targets. "The exchange rate of Ethereum to Bitcoin should revert to historical averages or a five-year high," Lee analyzed, "Calculating based on Bitcoin at $250,000, the end-of-year target range for Ethereum would be $10,000 to $12,000." He expects Ethereum to break previous highs, with true price discovery occurring in the $12,000 to $15,000 range, and emphasized that "this is far from Ethereum's peak."