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Tom Lee predicts Ethereum to $12,000 amid Bitmine’s huge portfolio paper losses
May 9, 2026
< 1 min read
by Opeyemi Olanrewaju
for CryptoPolitan
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Tom Lee, chairman of Bitmine Immersion Technologies, projected that Ethereum could reach $12,000 by the end of 2026 during a keynote at Consensus 2026 in Miami, providing one of the most bullish price targets announced at the conference. The bullish outlook signals potential upside for crypto adoption and investor sentiment, with possible knock-on effects for DeFi activity, fundraising and CEX/DEX market flows, making this a notable price and adoption milestone to watch.
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Tom Lee has projected that Ethereum could climb to $12,000 by the end of 2026, delivering one of the most bullish forecasts unveiled during the Consensus 2026 conference in Miami. Speaking during a keynote session, the Bitmine Immersion Technologies chairman outlined an optimistic outlook for the broader digital asset market, while mentioning the firm’s ambitious...
