Lee, also chairman of Bitmine Immersion Technologies, believes Ethereum's ongoing transformation, which he refers to as "ETH 2.0," will deeply embed it into Wall Street's core IT infrastructure. He points to Ethereum's recent outperformance against the Nasdaq-100 and Bitcoin in July as a potential precursor to a massive bull market rally. However, the article also cautions investors to take the $250,000 price target with a grain of salt, noting that Ethereum is still down nearly 40% for the year and faces internal dissension within the Ethereum Foundation.