Wall Street analyst Tom Lee predicts Ethereum could reach $250,000 (12,500% gain) and Bitcoin could hit $2 million (3,000% gain) as the crypto market enters a bull phase. Lee bases Bitcoin's valuation on it becoming 'digital gold' comparable to the $28 trillion gold market, while Ethereum is entering an 'ETH 2.0' phase of mainstream adoption. However, the author notes these predictions require a complete remaking of the global financial system and may be overly optimistic.
Axe note: A Wall Street analyst’s bold crypto predictions raise questions for South African investors navigating volatile markets.