Tom Lee, co-founder of market research firm Fundstrat, believes Ethereum (ETH) could eventually reach $250,000. Lee attributes this potential to the dominance of artificial intelligence and advanced computing software in internet traffic, envisioning Ethereum as the primary global currency for machines to conduct instant payments.

He also highlights the increasing use of Ethereum by major financial companies, citing examples such as BlackRock launching its first tokenized fund on Ethereum, Robinhood Chain's full compatibility with Ethereum, and JPMorgan Chase launching multiple tokenized money market funds on the blockchain. Lee, who is also chairman of Bitmine Immersion Technologies (a company holding nearly 5.8 million ETH), suggests that agentic AI transactions and Wall Street adoption will usher Ethereum into its "2.0 era," leading to a much larger total addressable market than inve