Tom Lee predicts ETH/BTC ratio will rise in H2 on 'ETH as money' narrative

Bitmine (BMNR) Chairman Tom Lee predicts that the ETH/BTC price ratio will rise in the second half of the year. In a post on X, Lee suggested that the narrative of "ETH as money" is likely to gain traction. He identified the ETH/BTC ratio as a key indicator to watch heading into the latter half of the year, citing stablecoin growth, the proliferation of tokenization, and new Ethereum derivative projects as potential drivers. Lee also noted that the broader macro environment is largely favorable for cryptocurrencies, pointing to easing inflation from lower oil prices, the potential for the AI growth trend to extend into the crypto market, and legislative progress with the CLARITY and GENIUS Acts. According to Binance data, the ETH/BTC pair is currently trading at 0.02775, up 3.35% over the past 24 hours.