Ethereum could top $10,000 within 12 months on institutional demand and tokenization

Ethereum could trade well above $10,000 within the next 12 months as institutional allocations, tokenization demand and buying by digital asset treasury companies absorb market supply, BitMine Chairman Tom Lee said. In an October 19 CoinDesk interview, Lee said the market could be entering one of its larger crypto cycles. While uncertain whether Ether would reach the level by year-end, he said its price could be “much higher than $10,000” within 12 months. BitMine surpassed 6 million ETH in holdings after 15 months, with most of the accumulation taking place during a bear market.

Source: TokenPost