I would say in 2025 part is the wrong one. I mean surely ETH will become 16k one day, just not sure when, it may take a few years at least, but if he keeps getting more and more of it, while also holding, then it would make sense and it should not be a bad deal at all. I am sure that we are going to end up seeing the price go up, and because he is getting more, he is going to get richer as well.
We should assume that the best thing for companies is to save their money on the side with bitcoin or ethereum so that they could get a much better result. It should not be that complicated, we could make this work, we just need to arrange something that would not be all that complicated, and they can definitely do make it work, simply just use whatever cash you have on the side, to btc or eth.
Tom Lee is making predictions and declarations on something where he can borrow billions of American dollars and use his company's stock as collateral and pump the cryptocoin where he has made his predictions.
This might not only be an empty declaration from Tom Lee. This might be a mission to create an occurrence where ETH will threaten bitcoin's no.1 slot in market capitalization hehehe.
It's impossible to beat BTC. No matter how hard Tom Lee tries, it won't be able to propel ETH to the top spot. That's a joke.
Given that BTC is already established and its mass adoption continues to grow, it's impossible for ETH to catch up.
In any case, I ask this question. What is a higher possibility occurrence, Ethereum will have a higher market capitalization than Bitcoin or Bitcoin will pump to $3 million?
I predict the scenario of ETH market cap surpassing BTC is more likely than Bitcoin surpassing to hit $3 million, as ETH has at least come close to doing so in the past. As for BTC hitting $3 million, I never even thought about it and don't believe it will happen in this century.
Bbitcoin has a lot of potential and adoption is still happening but that doesn't mean the potential and demand for bitcoin is limitless. Even an asset with practical applications and worldwide demand like gold has yet to reach a market capitalization of $60 trillion. To me, expecting a highly speculative asset like bitcoin to reach a market cap of 60 trillion is a bit too much.
I don't even believe in either of them. Although ETH's market cap has nearly caught up with Bitcoin in the past, it has never surpassed Bitcoin in its history, except for that damn Ripple coin that once beat BTC. By the way, reaching 3 million is very difficult at the moment, but it's not impossible in the future; we just need time.