BitMine’s Tom Lee Ties Ethereum’s $22K Fate to Bitcoin’s $250K Dream

Speaking at Consensus Hong Kong 2026, Ethereum advocate and BitMine CEO Tom Lee has given a bullish assessment of ETH. He pointed to historical price ratios with Bitcoin, adoption trends in finance and AI, and creator-led initiatives as reasons why Ethereum remains central to the crypto ecosystem.

Lee used Ethereum’s historical price ratio to Bitcoin as a reference for future valuation. He said that, based on the eight-year average, if Bitcoin reaches $250,000, Ethereum would be valued at $12,000. 

“So I think the best way to look at this is still think about Ethereum’s price ratio to Bitcoin. And the eight-year average is 0.0479… It may recover to its eight-year high, 2021 high, of 0.0873. That’s $22,000 Ethereum.”

He added that Ethereum could go even higher if it evolves into a widely used payment rail, “And, of course, it can go higher if ETH becomes a payment rail like Joe Lubin talks about.”

Long-term outlook

According to Lee, Ethereum’s importance extends beyond short-term price movements. He cited Wall Street adoption, AI applications, and creator-built products as demand-driving factors for the next decade.

“Ethereum is really the story for the next 15 years around crypto because that’s where Wall Street is going to build and that’s where AI is going to take place and also where creators like Mr. Beast are going to be building products.”

He emphasized that Ethereum remains central to crypto’s future, positioning it as a foundational platform rather than a speculative asset.

Discussing long-term price expectations, Lee noted that conservative estimates undervalue Ethereum.

“If Bitcoin gets to $250,000… that would value Ethereum at $12,000. But I think that that’s too low.”

Live Coverage Note: The Crypto Times is reporting live from Consensus Hong Kong 2026, one of Asia’s largest crypto gatherings. Stay tuned for the latest updates from the event.

Also Read: Tom Lee Says Bitmine is the High-Leverage Play ETH Investors Are Missing