Ethereum Falls 2% on September 16, But Tom Lee Still Sees a Bright Future

Updated

September 16, 2025

Gambar Ethereum Falls 2% on September 16, But Tom Lee Still Sees a Bright Future

Jakarta, Pintu News – Bitmine Chairman, Tom Lee, predicts that Ethereum still has significant upside potential from its current price. Here’s how high the Ethereum price could reach by 2035.

Since joining Bitmine Immersion Technologies – the company with the largest Ethereum holdings – Tom Lee has continued to voice an optimistic view of Ethereum.

He believes that the Ethereum ecosystem will benefit greatly from the emerging trends in the financial markets, and he has set an ambitious price target for the leading altcoin.

Then, how is Ethereum’s current price movement?

Ethereum Price Drops 2.25% in 24 Hours

On September 16, 2025, Ethereum was trading at approximately $4,528, or around IDR 74.48 million, reflecting a 2.25% decline over the past 24 hours. During that time, ETH dipped to a low of IDR 73.54 million and reached a high of IDR 76.9 million.

At the time of writing, Ethereum’s market capitalization is estimated at IDR 9,232 trillion, while its 24-hour trading volume has surged by 32%, reaching IDR 424.87 trillion.

Ethereum Supercycle: This is the Target Price

In a recent commentary, Austin Arnold – founder of Altcoin Daily – highlighted Tom Lee’s optimistic view of Ethereum, while predicting where the digital currency will be heading in the next ten years.

Arnold emphasized that according to Lee, Ethereum is currently in a supercycle phase similar to when the US dollar left the gold standard in 1971. Under these circumstances, Ethereum is expected to post tremendous gains, both in the short and long term.

Furthermore, he highlighted the Bitmine Chairman’s prediction that Ethereum’s price could reach $62,000 in the next few years.

Interestingly, if Ethereum does follow this scenario, it will be worth $62,000 by 2035. This 10-year long-term prediction represents a 1,257% increase from the current market price of $4,570.

With a total circulating supply of 120.7 million tokens, Ethereum’s market capitalization will jump to around $7.48 trillion.

Why Tom Lee is Optimistic about Ethereum

For background, Tom Lee described the emergence of stablecoins as the ChatGPT moment of the crypto industry – a major turning point that received widespread support, even from the US government.

In July, the US Congress passed the GENIUS Act, and Treasury Secretary Scott Bessent predicted that the sector will grow to be worth trillions of dollars in the next few years.

According to Lee, this development will benefit Ethereum greatly, given its dominance in the stablecoin sector. It’s worth noting that more than half of the circulating stablecoin supply resides on the Ethereum network, and he thinks this puts Ethereum in a very strategic position to benefit from increased adoption.

Tom Lee, who also serves as FundStrat’s CIO, added that the world of Wall Street finance and artificial intelligence technology will be increasingly connected through Ethereum.

Interestingly, this view doesn’t just come from him-CEO of VanEck, Jan van Eck, even called Ethereum “Wall Street’s token” back in August, signaling the asset’s potential closer mainstream recognition.

How Much Ethereum Does It Take to Become a Billionaire

Meanwhile, Austin Arnold went so far as to calculate how much Ethereum an investor would need to own to become a millionaire, if the price of Ethereum actually reached $62,000 in 2035.

According to his calculations, one would need to own around 16 ETH for the value to exceed $1 million. At current prices, it would take about $73,120 to buy that amount.

He also added that even 14 or 15 ETH can be enough, as long as the coin is staked. As a reminder, Ethereum owners who stake will earn rewards for helping to keep the Ethereum network secure.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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