Tom Lee, head analyst, partner and Bitcoin Permabull known for his ambitious BTC price forecasts, recently changed his Rethoric and added Ethereum to bullish crypto forecasts.
Although he didn’t make a price prediction for Ethereum (or Bitcoin) this time, he still said that both of these top cryptocurrencies are worth holding.
“hodl $btc $eth,” he tweeted, stating, “It’s useful to grow in 2025 = good.”
The usefulness of Bitcoin and Ethereum growing in 2025 = good
hodl $ btc $ eth https://t.co/gxr55wrqcm
– Thomas (Tom) Lee (not a drummer) fsinsight.com (@fundstrat) June 21, 2025
When appearing on CNBC’s Squawk Box Show earlier this year, Lee shared his expectations, saying Bitcoin could surge as much as $3 million per coin over the long term, due to the large demand for supply imbalances.
He pointed out that while around 95% of all Bitcoin is already mined from the supply of 21,000,000, however many retailers and institutional buyers still want to accumulate BTC. As for Ethereum, Lee’s comments could be linked to the recent passage of so-called “genius acts” regarding the stubcoin regulation. Most of Stablecoins will be launched on the Ethereum blockchain, which will enhance its usefulness.
Last week, Bitcoin achieved a drop of around 4.87%, crashing from $108,850 to the $103,500 level, changing hands at the time of writing. The fall continues on Wednesday, following the announcement of Fed Reserve Chair Jerome Powell, to keep interest rates unchanged and due to a military escalation in the Middle East that has already been going on for a week.
Ethereum has dropped 9.24% from Monday, losing $2,868, marking a 15.41% decline since June 12th. At the time of press, it trades for $2,427.