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.
However, if we make an assumption that the pump on Bitcoin moves more slowly than Ethereum's pump to $16k, this might cause an occurrence that the people on social media call
the flippening. This implies that Ethereum will have a bigger market capitalization than Bitcoin.
Do you agree that Ethereum will have a bigger market capitalization than Bitcoin is more possible than Bitcoin to pump to $3 million?