Tom Lee Predicts Ethereum Could Hit $60K at Paris Blockchain Week

Steady attention without excessive speculation.

Lee Declares the Mini Crypto Winter Over

Lee described the recent downturn as a “mini crypto winter” and argued it has now ended. He pointed to geopolitical tensions, including the U.S.-Israel-Iran conflict, as a key driver of the selloff. Still, he noted that markets historically bottom on bad news, according to coverage from Phemex.

U.S. equities have also bottomed, according to Lee. He called this a positive signal for risk assets like crypto. In his view, Ethereum has already priced in the worst-case scenarios.

Lee delivered the speech on April 15 at the Carrousel du Louvre in Paris. The keynote drew wide attention across social media. Clips went viral on X, Instagram, YouTube, and Binance Square.

At the time, ETH traded around $2,300 to $2,400. That marks a roughly 43% decline from its October 2025 peak. According to Lee, this consolidation mirrors prior accumulation phases that preceded major rallies.

Why Lee Calls Ethereum Grossly Undervalued

Lee positioned Ethereum as the backbone of two major trends. These are real-world asset tokenization and agentic AI infrastructure.

On tokenization, he drew a parallel to the post-1971 era. After the U.S. abandoned the gold standard, Wall Street saw a wave of financial innovation. Lee argued tokenization could trigger a similar shift, with Ethereum as the settlement layer.

On agentic AI, Lee said smart contracts and programmable micropayments give Ethereum an edge over traditional banking for AI agents. He referenced comments from JPMorgan CEO Jamie Dimon acknowledging crypto’s advantages in certain areas.

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The Math Behind the $60,000 Tom Lee Ethereum Prediction

Lee’s fair value estimate for ETH sits around $62,000 to $62,500. His math starts with a long-term Bitcoin fair value of $250,000.

From there, he assumes the ETH/BTC ratio could recover to 0.25. That would place ETH at one-quarter of Bitcoin’s value. At $250,000 BTC, that yields roughly $62,500 per ETH.

For context, the ETH/BTC ratio peaked near 0.085 in 2021. A ratio of 0.25 would require Ethereum to significantly outperform Bitcoin. Lee believes ETH’s utility as a settlement layer makes this achievable.

He also referenced shorter-term targets of $7,000 to $9,000. The $60,000 figure represents his supercycle target, as reported by KuCoin.

Bitmine Backs the Tom Lee Ethereum Prediction With Billions

Lee also serves as Chairman of Bitmine Immersion Technologies. The company has aggressively accumulated ETH during the downturn.

Bitmine now holds roughly 4 to 4.9 million ETH. That represents approximately 4% of total supply, valued at over $10 billion. The position makes Bitmine the largest corporate ETH holder, according to CoinTelegraph.

The company reported a $3.8 billion quarterly loss, driven mostly by unrealized ETH price declines. Revenues included staking income. Lee noted Bitmine’s stock has outperformed ETH recently.

Lee tied his $62,000 ETH target directly to a $1,500 Bitmine stock price. As Bitmine’s chairman, Lee has a direct financial interest in ETH appreciation. Investors should weigh this conflict of interest when evaluating his forecast.

Historical Precedents Support the Bull Case

Lee pointed to prior ETH consolidation phases that preceded explosive gains. In earlier cycles, ETH delivered returns of 54x and 220x after extended sideways trading.

He also claimed Ethereum has outperformed gold, silver, and energy stocks since geopolitical tensions escalated. That signals institutional capital rotating into ETH, in his view.

Earlier cycle gains came when ETH’s market cap was far smaller. A 25x return from current levels would require a market cap above $7 trillion. That context is important for evaluating this Tom Lee Ethereum prediction.

What Comes Next for Ethereum

Lee declared “there is no scenario where we sell crypto.” He called 2026 a defining year for Ethereum’s trajectory. The crypto supercycle remains intact, according to his analysis.

His thesis combines macro tailwinds, two structural megatrends, and corporate conviction backed by billions in ETH. Whether the target materializes depends on ETH/BTC ratio recovery and actual adoption of tokenization and AI on Ethereum.

No full transcript of the keynote is publicly available. The full Day 1 livestream is accessible on YouTube.

This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.