Ethereum Emerges as the Preferred Neutral Blockchain for Wall Street and the White House

Ethereum's Neutral Stance: Tom Lee, co-founder of Fundstrat, highlighted Ethereum as the preferred neutral blockchain for Wall Street and the White House, particularly under the Trump administration, with a focus on its potential in AI and robotic economies.

BitMine's Market Growth: BitMine's market value surged from $37.6 million to $9.45 billion, making it the largest Ethereum treasury globally, holding 2.15 million ETH, and dominating daily trading volumes alongside Strategy, which together account for 90% of total market volume.

Price Predictions for Bitcoin and Ethereum: Lee projected Bitcoin prices could reach between $200,000 and $250,000, while Ethereum might rise to $10,000 to $12,000, with potential for even higher price discovery, reflecting a broader acceptance of Ethereum in the market.

Institutional Interest: The significant trading volumes and market positions of BitMine and Strategy indicate strong institutional interest in Ethereum, suggesting a concentration of investment in these companies as they lead the cryptocurrency market.