Tom Lee Forecasts Ethereum Rally to $20K on 2026 Tokenization Boom

Lee echoed his comments from an earlier interview, opining that there is no longer a four-year cycle and Bitcoin will make new highs in early 2026, speaking at this week’s Binance blockchain conference in Dubai on Thursday.

He added that BTC will mirror the performance of the S&P 500 US stock index next year and predicted a price high of $300,000. If that’s the case, “I think Ethereum is lights out,” he said before adding a more outlandish price prediction.

The Bigger The Base, The Bigger The Breakout

Lee also reiterated the notion that Wall Street is starting to tokenize securities, and most of this is being done on Ethereum. The network currently has more than 70% market share of real-world asset tokenization value when layer-2s and EVM platforms are included, according to RWA.xyz.

He also pointed out that Ether has been rangebound for five years, but it has begun to break out. The bigger the base, the bigger the breakout, he said, explaining why he turned BitMine into an ETH treasury company.

BitMine is putting its money where its mouth is with another Ether purchase, bringing the number of buys to four this week alone, according to Lookonchain on Friday.

The firm scooped another 41,946 ETH worth $131 million on Thursday, it reported. Although the buys have not been officially confirmed, BitMine appears to have purchased more than $350 million worth of the asset this week.

Is ETH Ready For a Pump?

Analyst ‘Sykodelic’ echoed the bullish sentiment, stating on Thursday that “ETH looks ready to push much higher.”

Ether was trading at $3,170 during the Friday morning Asian session after failing to break resistance at $3,200 yesterday.

The asset has gained 13% over the past fortnight, recovering from its double dip below $3,000, and appears to be forming a W-shaped bottom.

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