Tom Lee: advises everyone to recognize the "tokenization" as a super narrative and not to be limited by short-term fluctuations

On December 11th, Ethereum treasury company BitMine Chairman Tom Lee stated in the latest podcast Altcoin Daily that the current price of Ethereum reflects not what happened today but what will happen in the future. So don’t expect it to rise every day; you need to bet on that “super cycle.” Tom Lee believes that the biggest misconception is: even if you discount the future EQM to $5,000 or even $3,000, the end price of Ethereum ten years from now could still be $100,000. “The current difference is just a tiny fluctuation in the discount rate.” But everyone wants instant satisfaction—press the buy button and make money the next day; if it doesn’t rise, “this coin is a scam.” They think they can press the button 1,000 times and win 1,005 times, but hardly anyone can actually do that. Therefore, what most people need to do is recognize that the “tokenization” is a super narrative spanning 5–10 years; ten years from now, Ethereum will be a completely different monster-sized chain. Today’s price is like looking through a telescope ten years ahead to see the endpoint—if the target is 1,000 miles away and you’ve only taken five steps, you’re still “in the future.”