Ethereum outperforms global assets post-Middle East crisis, could hit $60,000 on tokenization and AI demand.

Ethereum has outperformed all global assets since the Middle East crisis, beating the S&P 500 by nearly 20 percentage points, according to BitMine Chairman Tom Lee. Speaking at Paris Blockchain Week 2026, Lee projected Ethereum could reach $60,000, driven by growth in tokenization and agentic AI applications on its blockchain. He noted the crypto market is entering a bull phase potentially lasting until 2028, supported by a resilient U.S. economy and stabilizing oil prices. BitMine has invested heavily in Ethereum, holding about 4% of its total supply and aiming for 5%, reflecting strong confidence in Ethereum's future role in the crypto market.