Bitmine Chairman Tom Lee Claims 'Mini Crypto Winter' Nearing End at Paris Blockchain Week, ETH Could Reach $60,000
Tom Lee, Chairman of Bitmine, stated at the Paris Blockchain Week 2026 conference that the current downturn in the crypto market resembles a 'mini crypto winter' and may be nearing its end, as risk assets have bottomed out amid adverse news such as geopolitical conflicts.
He pointed out that Ethereum is expected to break free from long-term consolidation and will benefit from the trend of tokenization and the development of on-chain AI applications. If market assumptions hold, the price of ETH could approach $60,000, with a long-term fair value estimated at around $62,000 (based on Ethereum reaching approximately 1/4 of Bitcoin's market value). Lee emphasized that the U.S. stock market has already seen a bottom, driving the recovery of risk assets, and this round of crypto correction is a rare non-synchronized bear market cycle with the stock market, as ETH has dropped about 43% from its peak in October 2025.
Source: Public Information
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Tom Lee的判断将当前回调定性为“迷你寒冬”而非全面熊市，核心在于其与美股走势的脱钩。这打破了过去十年加密与传统风险资产同步下行的周期规律，反映市场在宏观紧缩或地缘压力下的定价机制发生变化：坏消息已被部分消化，底部形成更多依赖内部供给调整而非外部流动性同步崩盘。
从长期结构看，以太坊价格目标的设定建立在网络价值重估之上。代币化将把现实资产迁移至链上，链上AI代理则提升智能合约的使用频率与复杂性，两者共同推高以太坊作为结算与计算层的资源需求。这种需求扩张若实现，将推动ETH从当前波动区间向更高估值区间迁移，但前提是网络实际捕获的经济价值比例显著提升，而非仅停留在叙事层面。
这一表态也折射出加密市场在成熟过程中的分配与激励变化。Bitmine作为机构持有者持续增持ETH，显示部分资本将回调视为长期布局机会，而非退出信号。历史周期中类似底部预测常伴随供给收缩与采用加速，本轮若代币化与AI应用落地，则可能加速生产率从传统金融基础设施向链上迁移，重塑全球数字资产的定价权与资本流动路径。