Tom Lee: Ethereum has delivered the strongest performance since the war began
About a week ago, BitMine Chairman Thomas “Tom” Lee commented on this milestone, saying that the ongoing conflict involving Iran remains the main driver of global markets.
According to Lee, Ethereum has shown the strongest performance among major assets since the start of the military crisis, gaining 17.4% and outperforming the S&P 500 by 1,830 basis points. He also noted that ETH had outperformed gold by 2,743 basis points, which he interprets as a sign that Ethereum is beginning to be viewed as a store of value during periods of wartime instability.
The company plans to keep buying ETH
BitMine is building its strategy around its own concept, which it calls the “Alchemy of 5%”. Within this framework, Ethereum is treated as the company’s primary reserve asset.
Following the latest increase in holdings, BitMine says it has already completed 81% of the path toward its goal under this strategy in just nine months.
Tom Lee expects a major Ethereum rally
As reported by BTC Echo, Tom Lee once again presented a highly optimistic outlook for the crypto market at Paris Blockchain Week. In his view, the stock market has likely already formed a bottom, giving digital assets room for a fresh recovery.
Lee is especially bullish on Ethereum. He believes that during the next major bull cycle, ETH could rise above $60,000.
For comparison, Ethereum is currently trading at around $2,310.
What Lee believes will drive ETH higher
Tom Lee sees the main growth drivers for Ethereum as:
- continued tokenization of assets;
- the rise of Agentic AI;
- the strengthening role of Ethereum as a core infrastructure layer for the digital financial system.
In his view, the digital transformation of finance could prove comparable in scale to the changes that followed the end of the gold standard in 1971. In this new system, Ethereum could take on the role of a key infrastructure platform.
Ethereum as a foundation for AI agents
Lee also believes that the Ethereum blockchain is particularly well suited for systems related to artificial intelligence, especially in areas such as:
- digital identity management;
- micropayments;
- automated transactions between AI agents.
According to Lee, traditional payment systems such as PayPal or Visa are less efficient for these use cases, while blockchain is better suited for an automated digital economy.
Conclusion
BitMine is increasing its exposure to Ethereum not simply as a speculative asset, but as a strategic reserve. Against this backdrop, Tom Lee is promoting an aggressively bullish view on ETH, linking its future to tokenization, the AI economy, and the transformation of global financial infrastructure. If this scenario begins to play out, Ethereum could gain a new status — not just as a technology platform, but as one of the key assets of the digital age.
