Bitmine Chairman Tom Lee said he is "not worried at all" about Ethereum’s current price during a speech at WebX 2026 in Tokyo, an event hosted by Coinpost. Speaking under the title "Ethereum: The Cure for the Wealth Uncanny Valley," Lee said the biggest macro themes to watch in 2026 are U.S. monetary policy, the Clarity Act, AI-driven FOMO and the capital it is pulling away, and the notably weak performance of the financial sector relative to other industries.
Lee compared ETH’s chart with that of the S&P 500 after 1987 and said Ethereum now closely matches that period, arguing it is in a bottoming phase and close to moving higher. He also reviewed ETH’s price elasticity across different stages and said many investors are reacting to a "low price" while missing what he described as the asset’s real value. In his view, Wall Street likes Ethereum, and institutional adoption remains a key part of the thesis. Lee also pointed to the launch of Robinhood Chain as another major recent development in the Ethereum ecosystem, along with what he described as exaggerated ETH gas consumption tied to it.
Lee says current ETH price does not worry him
According to Odaily, Bitmine Chairman Tom Lee spoke at WebX 2026 in Tokyo on July 13, at an event hosted by Coinpost, under the title "Ethereum: The Cure for the Wealth Uncanny Valley." He said he is not worried about Ethereum’s current price.
Lee said the macro themes worth watching most closely in 2026 include U.S. monetary policy, the Clarity Act, AI FOMO and the capital being drawn into that trade, and the notably weak showing of the financial sector compared with other industries.
Compares ETH with the post-1987 stock market setup
Using a chart comparison between ETH and the S&P 500, Lee said Ethereum now closely resembles the stock market after 1987. In his view, ETH is in a bottoming phase and is close to turning higher.
He also revisited ETH’s price elasticity in different periods and said many investors are simply afraid of a "low price" while overlooking what he sees as the asset’s actual value. Lee’s argument was that Wall Street likes Ethereum, citing institutional adoption as the core point.
Robinhood Chain mentioned as a recent ecosystem event
Lee also said another major recent event in the Ethereum ecosystem is the launch of Robinhood Chain, along with what he described as exaggerated ETH gas consumption associated with it.
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