Fundstrat
Tom Lee & Cathie Wood: Will Ethereum Overtake Bitcoin?
10/19/2025, 2:01:24 PM
Economic Summary
- The podcast forecasts the crypto asset ecosystem reaching $25 trillion by 2030, with a majority allocated to Bitcoin (BTC) as a global, rules-based monetary system similar to digital gold.
- Drawing an analogy to post-1971 economics, when Richard Nixon ended the gold standard and Wall Street engineered products that increased dollar dominance, the speakers argue Ethereum (ETH) could similarly benefit as markets tokenize assets.
- Tokenization of dollars (stablecoins), stocks, and real estate onto blockchains is highlighted as a major growth opportunity for Ethereum, positioning it as the platform for Wall Street innovation in real-world assets.
- Speakers remain bullish on Bitcoin, suggesting a fair value range for BTC of approximately $1,500,000 to $2,100,000 per coin, while acknowledging Ethereum could capture significant market share if tokenization unfolds.
Bullish
- Ethereum could flip Bitcoin through tokenization of dollars and real-world assets.
- Bitcoin retains massive upside as digital gold, with fair value targets cited at $1.5M–$2.1M.
Bearish
- Ethereum may not flip Bitcoin and could remain a neutral smart-contract platform.
- Tokenization benefits might concentrate elsewhere, limiting ETH upside.
Bullish tickers
ETHBTC
Bearish tickers
ETH
BTC
2 price targets
15000002100000
Bullish
Viewed as digital gold and a global monetary system; fair value estimated around $1.5M–$2.1M per BTC.
Bearish
Risk that Ethereum or other platforms capturing tokenized real-world assets could cap Bitcoin's dominance.
ETH
Bullish
Could flip Bitcoin if Wall Street tokenizes dollars, stocks, and real estate on Ethereum.
Bearish
Flipping Bitcoin is uncertain; ETH might remain a neutral smart-contract platform without surpassing BTC.
People mentioned
Richard Nixon