Tom Lee: The next cycle for ETH may reach 62,000 USD

Fundstrat co-founder Tom Lee explained the reasons why BitMine (BMNR) hopes to maintain maximum exposure to Ethereum. He pointed out that Ethereum has previously risen 50 to 200 times during past crypto cycles, and even with a more conservative estimate of 25 times, the ETH price would reach approximately $62,000.

If this scenario materializes, BitMine shareholders could potentially gain substantial returns solely from the Ethereum held by the company.