Fundstrat co-founder Tom Lee says Ethereum (CRYPTO: ETH) is one of the most mispriced assets in the world, even after dropping from nearly $5,000 six months ago to under $2,000 today.
Why Does Lee Think Ethereum Is Undervalued?
In an interview with Michael van de Poppe published on Monday, Lee built his valuation case around the assets that eventually need to move on-chain.
Gold sits at roughly $22 trillion, global equities exceed $100 trillion, and real estate approaches $300 trillion. To make those assets composable and digital, he argued, they run on Ethereum.
“If Ethereum is at $300 billion, it’s grossly undervalued,” Lee said. “Should it be a $1, $2, or even $5 trillion network in the next few years? Yeah, I can easily see it,” he added.
