Tom Lee: The long-term target price for ETH is $250,000 and is entering ETH 2.0

On 13 July, in a speech delivered at WebX 2026 by the director of Bitmine, Tom Lee, who reiterated the “ETH or currency” view, compared to the “1.0 to 2.0” valuations of Amazon, Inverda and Morgan Chase, it was considered that the Taifah was entering the ETH 2.0 phase, with a long-term target price of $250,000, and that the drivers included the New Foundation era, Age-AI, Financial Settlement Level and ETH as currency. It considered the current market sentiment to be the cure for the “Value of Wealth Terror”. Tom Lee revealed that Bitmine has been a lead investor in support of two separate institutions of the Ether Fountain Foundation: EthLabs, created by the former contribution of the Taifung Foundation, and the independent not-for-profit Etheum Institute, focus on accelerating the “institutional super-cycle” of the Taifung and the promotion of large-scale institutional financial uplinks, respectively. Tom Lee states that Bitmine currently holds 5.74 million ETH (4.8 per cent of the supply of ETH) and that the targets for the future include slowing the pace, gradually increasing to 5 per cent of the supply of ETH, continuing to fund projects and “public goods” with the Taifung Foundation, and investing in financial services and encrypted unicorns, and strengthening the ecology of the Ethera。