Can Ethereum Do to Bitcoin What Wall Street Once Did to Gold?
Tom Lee predicts Ethereum could flip Bitcoin's market cap by becoming the infrastructure for tokenized assets, similar to Wall Street supplanting gold.Summary
Tom Lee, co-founder of Fundstrat, suggests that Ethereum (ETH) could eventually surpass Bitcoin (BTC) in market value, drawing a historical parallel to how Wall Street innovations overshadowed gold after the US abandoned the gold standard in 1971. Lee argues that while Bitcoin is the 'digital gold' (a store of value), Ethereum is the infrastructure for the next wave of financial products and tokenized assets, such as tokenized stocks and real estate. He believes this tokenization trend will give Ethereum the dominance that Wall Street and dollar-based financial products achieved over gold. Lee forecasts ETH could reach $60,000 by 2030, though he maintains this is a 'working theory' and remains bullish on Bitcoin's long-term value. Furthermore, Ethereum shows strong momentum in developer activity, attracting significantly more new developers than Bitcoin in 2025, fueling its potential for platform dominance.
(Source：BeInCrypto)