Veteran market strategist Tom Lee believes Ethereum is poised for a historic surge, potentially reaching $60,000 in the long term. He draws parallels between Ethereum’s current position and the 1971 turning point on Wall Street, arguing that it will become the backbone of future financial infrastructure. Lee’s reasoning revolves around two key factors: settlement network value and payment revenue models. He sees the rise of blockchain-based systems potentially unlocking a staggering $38.8 trillion in value for Ethereum if half of the global banking system moves on-chain, and another $3 trillion from payments platforms. His prediction relies on the assumption that the global financial landscape will heavily shift towards blockchain technology, potentially creating new investment opportunities.