Tom Lee's Fundstrat Says This Is How High Ethereum Could Trade If Bitcoin Hits $1 Million

Core Viewpoint - Fundstrat predicts Ethereum could reach $250,000 if Bitcoin hits $1 million, based on historical value relationships between the two cryptocurrencies [1][4]. Price Targets - Fundstrat's table outlines Ethereum price targets at various Bitcoin milestones, suggesting Ethereum could range from $48,000 to over $87,000 if Bitcoin reaches $1 million [2]. - If Bitcoin's year-end target is $250,000, Ethereum is forecasted to be worth approximately $12,000 in a base case, $22,000 in a medium bull case, and $62,500 in an ultra-bullish case [5]. Short-term Outlook - Fundstrat has a conservative short-term outlook for Ethereum, predicting it could trade at $5,500 in September and $9,000 in January [5]. - Currently, Ethereum is trading around $4,500, indicating significant potential for growth even in a conservative scenario [6]. Market Dynamics - Fundstrat's bullish stance on Ethereum is driven by expectations that Wall Street and real-world assets will increasingly move on-chain, facilitated by growing regulatory clarity [7]. - The firm believes Ethereum will be the primary beneficiary of the tokenization trend [7]. Historical Comparison - Tom Lee compares the current situation of Ethereum to the U.S. moving away from a gold-backed dollar in 1971, suggesting that Wall Street will innovate on blockchain technology in response to this shift [8][9]. - Innovations expected include the development of stablecoins, tokenization of equities, credit, and real estate, all of which are anticipated to occur on the Ethereum platform [9].