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Tom Lee: Ethereum is entering a supercycle similar to Bitcoin.

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Odaily News Tom Lee stated in a post on the X platform that Bitcoin is a highly volatile asset. His company first recommended Bitcoin to clients in 2017 (when the price was around $1,000). Over the past 8.5 years, Bitcoin has experienced 6 declines of over 50% and 3 declines of over 75%. He believes that by 2025, the price of Bitcoin will rise 100 times compared to the initial recommendation. Tom Lee stated that to benefit from this 100-fold supercycle, one must be able to endure survival crises and hold on. He pointed out that the prices of crypto assets reflect their enormous future potential, thus doubts will exacerbate price fluctuations. Currently, he believes that Ethereum is entering the same supercycle. He reminded that the path to higher levels is not linear and suggested holding.

BTC-2.08%
ETH-4.94%
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