Tom Lee: Ethereum will reach $250,000

According to Odaily, Tom Lee stated in a letter to shareholders that the price of Ethereum will reach $250,000. Tom Lee also proposed to increase Bitmine's authorized shares from 500 million to 50 billion in order to complete a stock split, and expects that when Ethereum reaches $250,000, Bitmine's stock price will reach $5,000. Recently, Bitmine increased its holdings of Ethereum by $1.4 billion, bringing its total holdings to over $12 billion, accounting for 3.4% of Ethereum's circulating supply. In addition, Bitmine plans to improve stock liquidity through a stock split, and the shareholder vote will end on January 14. (DLnews)