Tom Lee: The "mini crypto winter" is over; Ethereum may rise to over $60,000 in the next few years.

CoinFeed reported on April 16th, citing Cointelegraph, that Tom Lee, Chairman of Bitmine Immersion Technologies, stated in his keynote speech at Paris Blockchain Week that the recent crypto market downturn is a "mini crypto winter" that may already be over. He believes the stock market has bottomed out amidst bad news such as the US-Israel and Iran wars, and the crypto market correction has not been accompanied by a broader stock market bear market, which is "unusual." Lee predicts that driven by tokenization and the Ethereum-based AI agent initiative, Ethereum will emerge from a "massive consolidation" and could rise above $60,000 within the next few years. He considers $62,000 a reasonable valuation if Ethereum reaches a quarter of Bitcoin's long-term value.