Tom Lee Predicts ETH/BTC Ratio to Rise with Asset Tokenization and Agentic AI Adoption

ChainCatcher report, according to PRNewswire, Tom Lee, Chairman of Bitcoin treasury company Bitmine, stated that historically, during crypto bull markets, the ETH/BTC ratio has typically risen as Ethereum’s usage relative to Bitcoin increases—such as during the 2020–2021 NFT boom and the 2025 stablecoin surge, both of which served as key catalysts for Ethereum’s adoption growth. In the next cycle, asset tokenization by Wall Street on blockchains and the use of Agentic AI on blockchain networks may further drive the ETH/BTC ratio higher. Since the third quarter of 2026, ETH has been the top-performing macro asset, outperforming the S&P 500 by 5430 basis points as of last Friday; since June 30, the three best-performing assets have been ETH, BTC, and SOL. The significant outperformance of crypto assets compared to other macro assets this quarter is likely to encourage further institutional allocation to cryptocurrencies. Tom Lee added that entering the final months of 2026, the crypto market faces several positive catalysts, including the anticipated September mid-month vote on the CLARITY Act, Korean investors re-entering crypto markets while shifting away from AI stocks, and what he believes will be a bottoming of the “four-year cycle” within the coming weeks—all of which could pave the way for large-scale institutional capital inflows in the final months of 2026.