Is Tom Lee on shilling Ethereum or will this really pump to $16k because of Bitmine's purchases from the market?
Sure, he is shilling ETH, but I agree with his prediction more than his prediction about bitcoin.
Many bitcoin maximalists will not like this prediction but as a crypto investor I agree with his prediction. ETH hitting $16k is much more likely and feasible than Bitcoin hitting $3 million (which I don't believe will happen).
Not only Tom Lee and Bitmine, but the demand for ETH has also skyrocketed as ETFs inflows into ETH have far outpaced BTC in the past 2 weeks. ETH price increase is inevitable, it is just a matter of time and it will not be surprising if it gives better returns than BTC.