Tom Lee, Chairman of BitMine, has projected Ethereum could potentially reach $15,000 by applying valuation metrics observed in the recent financial assessment of Circle, the issuer of the USDC stablecoin. Lee specifically highlighted Circle’s valuation, pegged at 130 times its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), as a benchmark to justify Ethereum’s significant upside potential. He suggests this multiple indicates substantial future value embedded within leading cryptocurrency networks.
Simultaneously, prominent analyst Mark Newton has presented a more immediate bullish target. Newton forecasts that the price of Ethereum could surpass the $4,000 threshold by the end of this month, reflecting a positive near-term technical outlook. These contrasting yet optimistic predictions from well-known market figures reflect ongoing discussions about Ethereum’s fundamental value and near-term price trajectory.
The focal point of Lee’s long-term projection lies in the comparative analysis of valuations within the digital asset ecosystem. Using Circle’s high EBITDA multiple as a reference point underscores an argument for significant value appreciation potential inherent in foundational blockchain protocols like Ethereum.