In the crypto market, all eyes are now on Ethereum (ETH -1.84%), which is up a head-spinning 50% over the past 30 days. The price of Ethereum is now $3,600, with no signs of slowing down anytime soon.
In fact, Tom Lee, the co-founder of Fundstrat and the chairman of a new Ethereum Treasury Company, thinks a fair price for Ethereum could be as high as $15,000. And he thinks Ethereum might get there by the end of the year. But is he right? Could Ethereum really skyrocket 300% in a span of mere months?
The Wall Street convergence theory
Central to Tom Lee’s thesis is the idea that the worlds of Wall Street finance and blockchain finance are converging. Terms like “stablecoins” and “tokenization” are becoming mainstream, and the new crypto policies of the Trump administration have been very bullish for crypto. That would seem to suggest big things ahead for the world of decentralized finance (DeFi), which…
