Bloomberg Senior ETF analyst Eric Balchunas has defended BitMine Chairman Tom Lee's optimistic price targets for Bitcoin and Ethereum, despite previous inaccuracies. Lee forecasts Bitcoin could hit $200,000 and Ethereum $7,000 by the end of 2025, attributing these projections to robust blockchain fundamentals. BitMine has demonstrated its confidence in Ethereum's future by increasing its holdings to 3.3 million ETH, valued at $11 billion.