BlockBeats News, July 3rd. Tom Lee, Chairman of BitMine, Ethereum's largest treasury, stated that there are strong reasons for the ETH/BTC exchange rate to strengthen in the second half of 2026. The core logic is that ETH's narrative as a currency is gaining market attention. Tom Lee pointed out three major catalysts: the continued growth of stablecoins, the wave of asset tokenization, and the increasing number of Ethereum ecosystem upgrades and projects, all of which are strengthening ETH's store of value proposition and driving its relative performance improvement compared to BTC. Tom Lee explicitly predicts that the ETH/BTC exchange rate will continue to rise throughout 2026, emphasizing that this is a key indicator worth paying attention to.

Tom Lee believes that the macro environment also supports the ETH/BTC exchange rate: the decline in oil prices eases inflation pressure, cryptocurrencies remain downstream beneficiary assets of the AI narrative, and the progress of the "CLARITY Act" and "GENIUS Act" retains a regulatory tailwind.