According to Tom Lee, chairman of Ethereum's largest treasury BitMine, the ETH/BTC ratio has substantial reasons to strengthen in the second half of 2026 as Ethereum's narrative as a monetary asset gains market traction, BlockBeats reported on July 3.
Tom Lee cited three catalysts reinforcing ETH's value storage attributes: continued stablecoin growth, the wave of asset tokenization, and an increase in Ethereum ecosystem forks and new projects. Macroeconomic factors also support the trend, including declining oil prices easing inflation pressure, crypto assets benefiting from AI narratives, and regulatory tailwinds from the CLARITY and GENIUS acts.