Tom Lee, Chairman of Bitmine, expressed optimism about the future of Bitcoin and Ethereum during an interview with ARK Invest on October 16. Lee emphasized Ethereum's potential as a monetary base and standard, even in scenarios where Layer 2 solutions do not pay gas fees to Layer 1. He likened this to how stocks priced in dollars enhance the value of the dollar itself. Lee also highlighted that Layer 2 will support Layer 1, and future banks built on Ethereum will participate in ETH staking. Lee further mentioned that MicroStrategy could become a major U.S. company due to its Bitcoin holdings. He drew parallels to Ethereum, suggesting that its current price of approximately $4,500 could rise to $60,000, representing a 15-fold increase. This growth, combined with NAV expansion, could lead to a significant rise in the value of existing Ethereum stocks, potentially pushing the market capitalization of related companies to hundreds of billions of dollars.