Updated: 15.04.2026
- Tom Lee called the recent downturn in the cryptocurrency market a “mini-crypto winter.”
- According to the expert, in the next few years the rate Ethereum may exceed $60,000.
Bitmine Immersion Technologies Chairman Tom Lee stated that the recent market downturn was a “mini-winter in the crypto world” that may already be ending. This comment came shortly after the company reported about multi-billion dollar quarterly losses, mainly related to the decline of ETH held in reserve.
During his speech at the Paris Blockchain Week 2026 conference, Li stated that stock markets had bottomed out due to the war between the US, Israel, and Iran.
Stock markets are bottoming out on bad news. And there’s been a lot of bad news, the expert said.
Lee also stated that ETH is “likely heading towards $60,000” if his market forecast proves correct. He also suggested a fair valuation of $62,000 over the next few years, based on the assumption that эфириум will reach approximately a quarter of the value of Bitcoin.
It’s worth noting that the altcoin’s price has fallen by 43% since October 2025, and at the time of writing, it was $2,381. This is significantly lower than Bitmine’s average cost of purchasing ETH at $3,660, according to According to Bitminetracker. Despite mounting losses, the company acquired another 71,524 Ethereum on Monday, now owning approximately 4,04% of the altcoin’s total supply.
Bitmine is the second-largest company by digital currency holdings, followed by Strategy, which accumulates bitcoins.
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