Tom Lee Sees End of Crypto Downturn, Predicts Strong Price Growth for Ether

Tom Lee, chairman of Bitmine Immersion Technologies, has predicted a recovery in the crypto market after it hit a low point due to the US-Israel war with Iran. In his keynote speech at Paris Blockchain Week 2026, Lee stated that equity markets have reached their bottom and are now on the path to recovery.

Lee attributed this prediction to historical examples of stock markets bottoming out after wars broke out. He noted that equity markets often rebound from bad news, and with the current situation being no exception, he expects a rise in Ether's price.

The chairman also mentioned that Ether will emerge from its 'massive consolidation' driven by tokenization and agentic artificial intelligence initiatives tied to the smart contract network. According to Lee, if his market thesis is correct, Ether could reach $60,000 or more in the coming years.