Fundstrat co-founder Tom Lee has renewed his bullish cryptocurrency stance, with social posts linking him to Bitcoin price targets above $100,000 and a year-end Ethereum target of $7,500. In an Oct. 7 presentation, Lee argued that institutional adoption and the tokenization of traditional financial assets could support a crypto cycle larger than earlier expansions. However, his latest published presentation supported a bullish longer-term outlook without confirming the specific $7,500 Ethereum target.
As of Oct. 10, Bitcoin traded near $82,600 with 24-hour volume around $22.25 billion, while Ethereum changed hands near $2,490. Bitcoin remained below its October 2025 record above $126,000. Lee emphasized Bitcoin’s 200-day moving average crossover on Aug. 19, noting eight of nine similar crosses since 2012 preceded bull markets, with an average six-month forward return of 193%. He added that Bitcoin fund flows had turned positive for the year.
Ethereum is drawing additional attention because Bitmine Immersion Technologies, chaired by Lee, holds more than 6 million ETH—approximately 4.9% of the circulating supply—close to its stated goal of about 5%. Market commentators suggested that once this accumulation stops, the psychological supply threshold or reduced buying could become a catalyst for an ETH price explosion. Some technical models cited a long-term ascending channel and macro Elliott Wave structure with potential targets ranging from $5,000 to $14,000 and even $50,000, though these remain speculative.
Lee also highlighted tokenization as a demand driver, estimating the global liquid-asset market at roughly $200 trillion. BlackRock’s March launch of a staked Ethereum exchange-traded product was cited as institutional Ethereum exposure, with digital assets head Robert Mitchnick identifying tokenization and stablecoins as adoption drivers. Despite the bullish narrative, current prices remain far below the circulated targets, and historical technical averages do not guarantee future performance.
