Legendary Wall Street Investor Calls Ethereum A 100x Crypto, Is He Right?

Fundstrat CEO and BitMine Chairman Tom Lee’s interview with Bankless was an hour-long music to the ears of Ethereum bulls

In a stunning projection, Lee claimed that Ethereum could potentially flip Bitcoin’s network value and that it still has 100x upside in the long term. Moreover, he revealed that Sharplink Gaming Chairman Joe Lubin also agrees with his mega-bullish ETH forecast

BitMine and Sharplink Gaming are the largest corporate holders of Ethereum, with $3.1 billion and $2 billion in holdings, respectively

Lee, in particular, is well-regarded for his crypto, equities and macro projections. Notably, he recommended a 1% to 2% allocation in Bitcoin in 2019, when it was trading at just $5000

Now, he backs Ethereum as a superior bet, repeatedly calling it “the macro trade of the decade”. He anticipates that the ETH price could hit $16,000 in the mid-term, claiming that the ETH/BTC ratio would reclaim its 2017 high

Tom Lee Explains Why Ethereum Could Still Be A 100x Crypto

In a stunning forecast, Tom Lee claims that Ethereum’s network value could potentially grow by 100x in the long term, which would mean a market capitalization of $40 trillion

Quite simply, Lee anticipates strong institutional demand for ETH. “Wall Street has already decided that Ethereum is the chain they are going to build on”, he told Bankless’s David Hoffman and Ryan Sean Adams, citing the network’s zero downtime over the past decade

"Ethereum has had ZERO downtime… that's what matters… Wall Street has already decided Ethereum is the chain they're going to build on"@fundstrat gets it

Uptime, security, confidence is what matters

Ethereum pic.twitter.com/8TepGB4Sc2

— David Hoffman (@TrustlessState) August 6, 2025

As the Wall Street and the US SEC looks to tokenize the stock market, Lee’s comments mean that Ethereum would stand to benefit the most from this movement

Furthermore, the BitMine Chairman claimed that Ethereum could be an integral part of the AI infrastructure and could help establish US dominance in the sector. Additionally, he cites the growing adoption of stablecoins, the increase in ETH treasury companies and ETH staking as key reasons why he is ultra-bullish on the second-largest cryptocurrency

As a result, he expects the ETH price to appreciate as a step function. For the uninitiated, a step function in stocks refers to a price movement that jumps up abruptly to a new level, creating a staircase-like pattern

While Tom Lee’s 100x ETH prediction lacks a clear timeline and remains unverifiable, his mid-term target of $16,000 appears far more grounded and increasingly plausible given current trends.

Prominent crypto trader and social media influencer Wolf reveals that the Ethereum price is following Tesla’s playbook. Much like $TSLA, it is set to break out from a macro wedge, which Wolf claims could take it to somewhere between $13,000 to $16,000

Tom Lee’s (@fundstrat) calling for $16K $ETH, right in line with my forecast.

Don’t act surprised. $ETH is still tracking the $TSLA playbook: Volatility, disbelief, then verticality.

You’ve seen this movie before. You just didn’t think $ETH would get the lead role. pic.twitter.com/DBebyXWDTD

— Wolf (@IamCryptoWolf) August 7, 2025

Which Ethereum Meme Coins Are The Best Beta Bets On ETH?

Ethereum meme coins like Pepe an Floki are viewed by experts as excellent beta plays on ETH. If the ETH price ends up growing fourfold, it is highly possible that Pepe and Floki end up offering 10x returns

Small-cap ETH meme coins are also in high demand. For instance, TOKEN6900 (T6900) is a ETH-based alternative to SPX6900, fueled by the same meme culture, love for the number 6900 and anti-stock market spirit

TOKEN6900 has quickly gained traction among degens looking for the next big ETH meme coin, having already raised nearly $1.7 million in its ICO. Notably, with a $5 million hard cap on its presale, more than 30% of the tokens up for grabs early are now sold out.

T6900 taps into the same absurdist, irreverent humor that made SPX6900 a hit, while offering the added upside of being an early-stage small cap.

More importantly, it doesn’t deceptively try to sell itself on things like utility and fundamentals, nor has it tied itself to a useless AI app for no reason. Much like Dogecoin, Pepe and Fartcoin, it is an unapologetically utility-less meme coin

Unsurprisingly, experts are bullish on TOKEN6900’s upside potential, with many calling it the next 100x crypto

Visit TOKEN6900 Presale

This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.