BitMine boosts Ethereum, but $60,000 is an illusion

🔍 Where does that figure come from?

There may be some confusion with Bitcoin forecasts, which have been projected by some analysts towards levels close to $60,000. But in the specific case of Ethereum, there are no reliable sources that place it in that range.

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🏢 What is BitMine really saying?

BitMine Immersion Technologies, a company traditionally dedicated to Bitcoin mining, announced an Ethereum-based treasury strategy:

• Closed a private placement of $250 million that it will use to accumulate ETH as a corporate reserve asset.
• Since then, it has purchased more than 566,776 ETH, equivalent to more than $2 billion.
• The stated goal is to accumulate and stake up to 5% of the total ETH supply.

These movements have boosted its stock price, but they do not imply a prediction that ETH will reach $60,000.

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📈 What is the real price outlook for ETH?

The most recent and realistic projections place Ethereum in a much more modest range:

• ETH has risen from around $3,000 in July to a range between $3,700 and $3,800, driven by institutional buying and spot ETFs.
• Many analysts point to resistance near $4,000, and if it breaks, there is speculation of a possible push towards $4,100–$4,200.
• In extended optimistic scenarios, some speak of ETH reaching $5,000 during the summer, not $10,000, much less $60,000.

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✅ Clear Summary

Claim	Is it true?
Ethereum will reach $60,000	❌ There is no basis for this figure.
BitMine says ETH will reach that level	❌ It has not claimed this.
BitMine has accumulated massive ETH	✅ Yes, over 566,000 ETH (~$2 billion).
Most realistic ETH forecast	Between $4,000 and $5,000, according to several analysts.

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🎯 Conclusion

• The idea of ​​Ethereum at $60,000 is not supported by experts or current market movements.**
• BitMine has been relevant in the institutional Ethereum narrative for its accumulation, but it has not predicted reaching that price.**
• The most widely held estimates place it at around USD 4,000 to 5,000, although markets remain volatile and uncertain.