Tom Lee: Ethereum 'Future Settlement Infrastructure for Wall Street and AI'

Tom Lee, CEO of cryptocurrency investment firm DAT (formerly BitMine), stated on X that 'Ethereum (ETH) is the future settlement rails for Wall Street and artificial intelligence (AI).' He made the comment in response to a question about why Ethereum has shown relative strength compared to other major altcoins amid a broader market downturn. Lee has previously cited tokenization of traditional assets and the rise of agentic AI as key growth drivers for Ethereum, arguing that recent ETH/BTC ratio gains signal market recognition of these shifts. As of CoinMarketCap data, ETH is trading at $2,512.55, down 0.3%.