Tom Lee predicts BTC could reach $140K, ETH $22K

Fundstrat founder and Bitmine Chairman Tom Lee has predicted that Bitcoin could rise to $140,000 in the short term. Speaking at the TOKEN2049 conference in Singapore, Lee noted that the Bitcoin network's value is currently about 10% of gold's. He suggested that if the network's value were to match or exceed that of gold, BTC could surge as high as $2.2 million. Lee added that if the ETH/BTC ratio recovers to its 2021 high of 0.087 and BTC reaches $250,000 by the end of the year, ETH could reach a price of $22,000.