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New BitMine Chairman, Fundstrat Co-Founder: Compared to Circle's valuation, an Ethereum price increase to $15,000 is a reasonable level
BlockBeats News, July 25th, BitMine's newly appointed Chairman, Fundstrat's co-founder Tom Lee, stated in an interview with CoinDesk this week that if we reference Circle's current valuation level (130 times EBITDA, Earnings Before Interest, Taxes, Depreciation, and Amortization, a financial metric that measures a company's operating performance), then it is entirely reasonable for Ethereum to rise to $15,000.
Furthermore, Tom Lee expressed agreement with analyst Mark Newton's view that "Ethereum will break $4,000 by the end of the month."
It is worth noting that the latest data shows that Bitmine Immersion Tech (BMNR) currently holds 566,800 ETH, worth about $2.1 billion, with a position increase of 247.41% in the last 30 days. The company announced the appointment of Tom Lee as Chairman on June 30th.
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