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?
Flippening was already been that long time talks whenever we are near on bull run on which there are tons of speculations around like this and that on which it will be causing up for you to have that kind of confusion on where you should be that investing but it will be just that depending on you because if we do speak about investment choices and preferences then you are the ones will be making out such decision and make it sure that you wont be that regreting it out. $3M per coin? Even thinking for $1m would be already hard, how much moreo n $3M? There are just that those times that these speculations and predictions it turned out to be that too much on which it will be that causing up that kind of criticisms but since we are dealing up with speculative market so any predictions will always be considered valid.