Tom Lee’s 2% Bitcoin Bet Became 85% — Can His $6K ETH Call End His Misses?

Key Takeaways

• Tom Lee says Fundstrat clients who allocated 2% to Bitcoin more than a decade ago saw the position grow to over 85% of their portfolios.

• Ethereum ETFs attracted $216 million in one session, while Lee-led BitMine now owns approximately 4.9% of ETH's supply.

• Lee's $6,000 Ethereum forecast would require a roughly 142% rally — and follows several bullish Bitcoin and ETH targets that missed their deadlines.

Tom Lee has forecast that Ethereum will reach $6,000 as institutional investors increase their exposure to the crypto.

The BitMine chairman's prediction comes as US Ethereum ETFs attract fresh inflows and his company closes in on owning 5% of ETH's circulating supply.

However, Lee has repeatedly missed crypto targets, including forecasts that Bitcoin would reach $25,000 in 2018 and $250,000 in 2025.

His latest call also follows a new claim that Fundstrat clients who originally allocated just 2% of their portfolios to Bitcoin saw the position grow to more than 85% without buying additional BTC.

How a 2% Bitcoin Position Became 85%

Fundstrat began recommending that willing clients allocate 2% of their portfolios to Bitcoin more than a decade ago, when the crypto traded below $1,000.