'If Bitcoin Gets To $1 Million, That Will Value Ethereum At $250,000': Tom Lee Resurrects Ambitious ETH Call Amid Major Bitmine Shareholder Vote

Core Viewpoint - Fundstrat investment chief Tom Lee predicts Ethereum could reach $250,000 if Bitcoin hits $1 million, urging shareholders to vote for the expansion of Bitmine's authorized shares from 500 million to 50 billion [1][2]. Group 1: Share Expansion and Stock Predictions - The proposed expansion of Bitmine's shares aims to facilitate future share splits, which are anticipated due to expected stock surges alongside Ethereum price increases [2]. - Lee estimates that Bitmine's stock could reach $5,000 if Ethereum achieves the $250,000 target, indicating a need for a share split of at least 1:100 to attract new investors who prefer share prices around $25 [3]. Group 2: Market Analysis and Institutional Interest - Lee's $250,000 Ethereum price target is based on an eight-year average of the Ethereum to Bitcoin price ratio and the increasing trend of tokenization on Wall Street, as highlighted by BlackRock CEO Larry Fink [4]. - Major financial institutions such as BlackRock, JPMorgan Chase, Fidelity, Visa, and Robinhood are actively deploying funds or assets on the Ethereum network, indicating strong institutional interest [4][5]. - Currently, Ethereum is trading around $3,200, suggesting that reaching the $250,000 target would require an approximately 8,000% price increase [5].