Tom Lee: Ethereum Has Over 50% Chance of Surpassing Bitcoin’s Market Cap

Key Points:Tom Lee, chairman of BitMine’s board, believes Ethereum has a greater than 50% probability of overtaking Bitcoin by market capitalization.Lee made the comments in an interview on August 23, citing Ethereum’s expanding role in decentralized finance (DeFi) and Web3.While Bitcoin remains the dominant crypto asset, institutional adoption trends and utility-driven demand are strengthening Ethereum’s long-term case.Ethereum vs. Bitcoin: A Shift in Market Leadership?Tom Lee, newly appointed chairman of BitMine’s board, said during an interview on August 23 that Ethereum’s market capitalization has a high probability — 50% or more — of surpassing Bitcoin’s in the future.Lee’s comments reflect a growing belief among analysts and investors that Ethereum’s broader utility across DeFi, NFTs, and Web3 applications could eventually position it as the leading digital asset, despite Bitcoin’s status as the first and largest cryptocurrency.