2 Cryptocurrencies Poised to Soar 3,000% or More, According to 1 Top Wall Street Analyst
If Tom Lee is right, Ethereum could be headed to $250,000 and Bitcoin could be headed to $2 million.
Overview
Despite top cryptocurrencies being down big across the board, the current crypto bear market could be coming to an end soon. That's according to Wall Street strategist Tom Lee, who has already predicted that "crypto spring" is here after a brutal crypto winter.
With that in mind, Tom Lee has set some hyperbullish price targets for both Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC). As he sees it, they will both experience hypergrowth over the coming decade, and both could be ready to explode in value by 3,000% or more.
Details
Given that Tom Lee is now chairman of Bitmine Immersion Technologies (NYSE: BMNR), the biggest Ethereum treasury company in the world, it makes sense that he's especially bullish on the prospects of Ethereum. Even amid a crypto bear market, his firm has been steadily hoarding Ethereum and now owns close to 5% of all Ethereum in existence.
Source
Originally published at www.fool.com.