Tom Lee says Ethereum can overtake Bitcoin—“flip” it—by playing for dollar-dominance in a world of tokenized assets, even as he remains emphatically bullish on Bitcoin’s monetary role and long-term price.
In a podcast exchange with Cathie Wood, Lee framed the coming competition through a 1971-style lens, arguing that the end of the gold standard catalyzed a wave of financial engineering that ultimately made dollar-based equities far larger than gold; in his telling, the broad tokenization of money and assets will rhyme with that history, positioning Ethereum’s smart-contract rails to capture the lion’s share of activity.
Will Ethereum Flip Bitcoin?
Wood set the premise with ARK’s top-down view of crypto’s addressable market by decade’s end. “You know, the ecosystem we expect to hit $25 trillion in 2030, the vast majority of that in Bitcoin,” she said, citing Bitcoin’s role as “a global monetary system, you know, rules based that we’ve been mis
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