 
 
Prominent financial analyst Thomas Jong Lee, popularly known as Tom Lee, has made a bold bullish price prediction for Ether, forecasting that the second-largest crypto will hit a new all-time high of $30,000. Lee highlighted Ethereum’s strong network capabilities as key factors driving growing interest amongst Wall Street players.
In a recent interview with CNBC, the financial analyst made a strong bullish case for the Ethereum network and its native token, ETH. Ethereum’s key selling point for Wall Street investors is, according to Lee, its uninterrupted uptime, which aligns strongly with traditional banks.
Legal compatibility with U.S. laws, security, and market valuation stand as other key factors positioning Ethereum as the preferred option amongst Wall Street players, Lee asserted.
Lee further highlights the presence of leading financial firms building on the Ethereum network, notably JP Morgan, which has kicked off development of its stablecoin on Ethereum, Robinhood, which began tokenizing on the Ethereum network, and a host of other Custody banks.
Further strengthening his stance on why Ethereum is a premium investor’s pick, Lee explained that artificial intelligence and Cryptocurrencies are intersecting on Ethereum. As tokenization gains widespread adoption and kicks off integration with robots, the Ethereum network could serve as a platform controlling the token economy, the analyst added.
 
Lee has also affirmed that the development of an Ethereum treasury, akin to Michael Saylor-led Bitcoin reserve at Strategy, was a key driving force behind his move to serve as the Chairman of Bitmine Immersion Technologies.
“I think that Michael Saylor has written a playbook for what a Bitcoin strategy is, and now he is so big he has a sovereign put; He has 600,000 Bitcoins. Any nation that wants to get a thousand Bitcoins probably thinks it’s cheaper to buy MicroStrategy.” Lee remarked.
Outlining the long-term goal for Bitmine, Lee asserted that Bitmine is following in the footsteps of MicroStrategy. Lee further disclosed that the Ethereum Treasury model will function just like MicroStrategy’s Bitcoin Treasury model, but maintains that it is still in its early stages. He brands the current market as the “early 2017 stages for Ethereum,” and predicts a long-term attainable price of $30,000.
Source: https://zycrypto.com/the-most-bullish-ether-price-prediction-is-in-cnbcs-tom-lee-reveals-30000-is-in-the-vault/