Tom Lee sees high probability of ETH Surpassing BTC market cap

Tom Lee, founder of U.S. research firm Fundstrat and chair of Nasdaq-listed BitMiner (BMNR), said in a recent interview with The Compound that Ethereum’s (ETH) market capitalization has a very high probability of surpassing Bitcoin’s (BTC), Benzinga reported. He compared the scenario to 1971, when the U.S. abandoned the gold standard, noting that while many focused on gold, Wall Street emerged as the real winner. Lee added that institutional inflows from Wall Street could drive ETH to rise up to 100 times, potentially allowing it to flip BTC in market cap. BitMiner, which has formalized an ETH accumulation strategy, reportedly holds about 1.52 million ETH, making it the largest Ethereum treasury globally. The remarks come as ETH recently surged near all-time highs following U.S. Federal Reserve Chair Jerome Powell’s dovish comments on potential September rate cuts.