Tom Lee Targets $1M Bitcoin And $60K Ethereum In New Forecast

Tom Lee has set new targets for Bitcoin and Ethereum that go well beyond previous expectations. He thinks Bitcoin could climb fast, reaching $200,000 to $250,000 as early as 2025. Over the longer run, he even sees a path to $1 million. Ethereum, in his view, has plenty of upside too. He puts the near-term target at $5,500, rising to $10,000 to $16,000 by next year, and possibly $60,000 within five years. These numbers are not just pulled from thin air. Lee grounds them in the idea that Bitcoin could rival gold’s market value of $23 trillion, while Ethereum could become the reliable blockchain that traditional finance builds on.

What is Driving Ethereum And Bitcoin Growth?

The conviction behind these forecasts comes from institutional demand. BitMine Immersion Technologies, where Lee serves as chairman, now holds 1.72 million ETH worth around $7.65 billion. In one week alone, the company added 190,500 ETH. BlackRock has also been buying heavily, with its Ethereum ETF now crossing $6 billion in assets. These moves are not speculative bets. They show how global finance is increasingly treating Ethereum as part of settlement infrastructure. That scale of buying suggests market adoption is widening fast.

Others share Lee’s optimism. Coinbase’s Brian Armstrong also sees Bitcoin reaching $1 million, pointing to improving regulatory clarity. Cathie Wood has stuck with the same target, arguing that limited supply and institutional demand will drive prices higher. Ryan Adams of Bankless even highlighted that Lee has acquired nearly $10 billion worth of ETH in just 50 days, roughly 1.4 percent of all ETH in existence.

Skepticism Over Tom Lee Targets

Not everyone is convinced. Some analysts call the predictions “pie in the sky,” pointing out that timing has always been the weak spot in Lee’s crypto forecast record. Treasury buying on this scale may not last, and the financing costs tied to it could weigh on future growth. The big question is whether Ethereum can hold its lead as rival chains fight for users.

Even so, adoption is clearly moving forward. Japan has already recognized Bitcoin as legal tender. Switzerland has become a growing base for blockchain startups. Stablecoins transferred $2.1 trillion last month, which is more than Visa handled. That momentum shows how clearer rules and stronger infrastructure are driving the ecosystem ahead.

Tom Lee’s Track Record Of Accurate Market Predictions

Lee’s record makes it clear that his calls tend to be directionally right, even when early. He predicted Bitcoin at $25,000 for 2022 back in 2017, which looked cautious when Bitcoin actually touched $55,000 in February 2021. He also nailed the S&P 500 crossing 5,500 this year. The same pattern may play out here. His targets for Bitcoin and Ethereum may take time, but the direction of travel looks consistent with current momentum.

The risks are far from small. Wild price swings, shifting rules, and the fast pace of new technology could all change the result. Yet if institutional demand continues and governments keep pushing for clearer frameworks, market adoption could move much closer to Lee’s vision. Whether prices will match the exact numbers is uncertain, but the crypto forecast is pointing to a deeper integration with global finance than ever before.