Market strategist Tom Lee has drawn parallels between Ethereum's current tokenization trend and the significant financial shift of 1971 when the U.S. left the gold standard. Lee emphasized that approximately 70% of asset tokenization is occurring on Ethereum, underscoring its pivotal role in the evolving financial landscape. He forecasts that Ethereum could achieve a price target of $21,000 by reclaiming its 2021 ETH/BTC ratio.
Lee also pointed out Ethereum's increasing significance in institutional blockchain applications, decentralized finance, and stablecoin transfers, highlighting its central position in the ongoing transformation of financial systems.
Tom Lee Predicts Ethereum Could Reach $21,000 Amid Tokenization Boom
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