TechFlow, August 3 — Tomas Lee, Chairman of Ethereum treasury firm BMNR, posted on X stating that Ethereum has outperformed the broader crypto market since early April. As stablecoins create a "ChatGPT moment," Wall Street is increasingly turning to ETH. In the short term, the ETH/BTC exchange rate should recover at least to its level from a year ago. Fundstrat Capital's digital asset team expects ETH’s fair value to potentially range between $10,000 and $20,000 over the next 12 months. In the long run, as Wall Street moves toward tokenizing real-world assets, it will also begin exploring staking ETH.
(Note: Fair value refers to the price that market participants would receive to sell an asset or pay to transfer a liability in an orderly transaction on the measurement date.)
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