Tom Lee said at Token2049 that traditional finance will be extensively tokenized over the next years
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AT A GLANCE
Tom Lee said that traditional finance will be broadly tokenized over the next years, and expressed a bullish view on ETH and Bitmine。
Article
⚡️Tom Lee: We are at the beginning of a supercycle, and all traditional finance will be tokenized within years
BlockBeats reports,October 7, Tom Lee said on Token2049 that we are at the beginning of a supercycle, and that everything operating on traditional finance will be tokenized over the next years. Most traditional financial institutions will build on Ethereum, including BlackRock, JPMorgan Chase, and Robinhood.
In addition, Tom Lee continued to express a bullish view on ETH and BMNR. “If you are bullish on ETH, then you should also be bullish on Bitmine。Bitmine in order to outperform BTC、ETH and other underlying assets during this cycle. If ETH rises to 22000, then the share price of Bitmine will rise from 26 USD to 300 to 500 USD. If ETH rises to 62000 USD, then Bitmine will rise to 1200 to 1500 USD.”
Original link https://m.theblockbeats.info/flash/370528
Key points
01
BlockBeats reported that Tom Lee October 7 expressed the relevant views at Token2049.
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Tom Lee said that we are currently at the beginning of a supercycle.
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Tom Lee said that everything operating on traditional finance will be tokenized over the next years.
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Tom Lee said that most traditional financial institutions will build on Ethereum, citing BlackRock, JPMorgan Chase, and Robinhood as examples.
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Tom Lee said that if you are bullish on ETH, you should also be bullish on Bitmine, and said that Bitmine aims to outperform BTC、ETH and other underlying assets during this cycle.
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Tom Lee's projection: If ETH rises to 22000 USD，Bitmine, the share price will rise from 26 USD to 300 to 500 USD; if ETH rises to 62000 USD，Bitmine, it will rise to 1200 to 1500 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This content mainly presents Tom Lee's view of future markets: he believes that traditional financial businesses will gradually operate in tokenized form, and that many traditional financial institutions will choose to build on Ethereum. He also links the hypothetical price of ETH with the hypothetical share price of Bitmine, but these figures are conditional projections rather than realized results.
Why it matters to readers
If the tokenization of traditional finance and the trend of building on Ethereum that he described emerge,ETH and Bitmine may attract market attention; however, the original text only records Tom Lee's views and provides no basis for actual deployment scale or price forecasts.
Beginners should distinguish between “public statements” and “verified results.” The supercycle, institutional building direction, and price targets mentioned in the text are personal opinions and should not be treated as certain to occur.
Risks and unknowns
The original text provides no evidence that traditional finance will be fully tokenized within years.
The original text does not specify the projects or progress of BlackRock, JPMorgan Chase, and Robinhood building on Ethereum.
ETH and Bitmine price figures are conditional forecasts, and whether they can be achieved is unknown.
The original text does not provide the specific mechanism or basis for Bitmine outperforming BTC and ETH.
The original text only labels October 7 and does not explicitly state the year in the body text.
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Related concepts
Supercycle
This term is not in the glossary yet. Browse related concepts in the glossary.
