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

BlockBeats News, December 11 — Tom Lee, Chairman of Ethereum Treasury Company BitMine, stated in the latest podcast Altcoin Daily that the current price of Ethereum does not reflect what happened today, but rather the future. So don’t expect it to rise every day; you need to bet on the “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. “This small price difference today is just a tiny fluctuation in the discount rate.” But everyone wants instant gratification — 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 in reality, no one can do that. Therefore, what most people truly 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 massive chain. Today’s price is like looking ten years into the future through a telescope — the target is 1,000 miles away, you’ve only taken five steps, so you are still in the “future.”