Tom Lee’s Bold Prediction: Ethereum Set to Overtake Bitcoin as Wall Street’s Preferred Blockchain Infrastructure
Wall Street's blockchain backbone might be shifting—and one prominent voice says Ethereum's poised to flip the script entirely.
The Institutional Pivot
Fundstrat's Tom Lee places his bets on Ethereum's infrastructure advantages gaining traction with major financial players. Smart contract capabilities and developer activity create a compelling case for institutions seeking more than just digital gold.
Network Effects Accelerating
Ethereum's ecosystem continues expanding while Bitcoin remains largely static—a dynamic that doesn't go unnoticed by Wall Street's efficiency-obsessed allocators. They're not paying hedge fund fees to hold glorified collectibles.
The Scaling Solution
Layer-2 networks and upcoming protocol upgrades address throughput concerns that previously gave institutions pause. The network's evolving to handle serious volume without breaking stride—or the bank on gas fees.
Market Momentum Building
While Bitcoin dominates headlines, Ethereum's building the plumbing for the next financial system. Because nothing gets Wall Street excited like something that could actually replace their legacy systems—and bonus points if it makes their compliance officers miserable.
- Bitmine, led by Tom Lee, now holds 833,000 ETH, making it the largest Ethereum treasury company.
- Ethereum is emerging as Wall Street’s preferred blockchain for tokenized assets.
- Lee sees Ethereum eventually overtaking Bitcoin in network value.
Ethereum is drawing increasing attention from Wall Street as the backbone for blockchain-based finance. Tom Lee, chairman of Bitmine and a longtime investor, explained that ethereum could become the primary platform for tokenizing real-world assets.
For financial institutions planning to bring bonds, equities, and other instruments on-chain, ETH provides the necessary framework.
Lee underlined how Ethereum differs from Bitcoin. While Bitcoin has gained recognition as a store of value, Ethereum is designed to host global finance on blockchain rails.
He also pointed out the role of artificial intelligence, which can link digital and physical securities in ways that traditional systems cannot. According to him, ETH’s upside may even surpass Bitcoin’s past returns, with a real possibility of flipping Bitcoin in terms of overall network value.
Bitmine Aims for 5% of Ethereum Supply
Bitmine has moved rapidly to establish itself as the world’s largest ETH treasury. In just a few weeks after launching, the company accumulated 833,000 ETH, close to 1% of all supply.
The speed of this acquisition has been compared to MicroStrategy’s bitcoin strategy, but at a far greater pace. While MicroStrategy took years to acquire around 3% of the Bitcoin supply, Bitmine has been accumulating ETH twelve times faster.
Lee revealed that Bitmine’s approach goes beyond simple accumulation. By staking Ethereum, the company earns a yield above 3%, creating direct income on its books. This makes Bitmine more than a holder of ETH; it positions the company as part of ETH’s Core infrastructure.
The long-term goal is to reach 5% of the total supply, echoing MicroStrategy’s target of one million Bitcoin. Such a move WOULD place Bitmine at the heart of ETH’s financial network.
Bitmine Boosts Institutional Interest in ETH
The emergence of Bitmine has brought forth new rivalry. Shortly after the company made its announcement, Sharplink Gaming and Joe Lubin’s SBET among other groups, unveiled their own ETH treasury plans.
The flurry of action indicates that institutions are no longer thinking of ETH as any other crypto asset but as the building block of broad financing infrastructure. Bitmine’s trading volume mirrors this newfound demand.
The company’s shares change hands for $1.6 billion a day, which puts it in the same league as Uber, even though its market cap stands at just $4 billion. The result is the ability of Bitmine to grow faster than competitors while garnering support from the largest investment funds.
