Tom Lee: Bitcoin adoption could surge 200 times, will the four-year cycle come to an end?
Tom Lee, chairman of BitMine, stated at the Binance Blockchain Week event that Bitcoin adoption could surge 200 times. He pointed out that only 4.4 million wallets globally hold more than $10,000 in Bitcoin, while 900 million people's retirement accounts exceed this amount. If these funds allocate to Bitcoin, it will result in significant growth potential.
Tom predicts that the traditional four-year cycle of Bitcoin is about to break, suggesting that the coming weeks may rewrite historical patterns. He believes that the decline since October has primarily been due to deleveraging rather than the halving cycle, and noted that despite the weak crypto market, gold has risen 61% this year, and the S&P 500 has increased nearly 20%.
Tom emphasized that tokenization will become the dominant trend, with Wall Street planning to put nearly $10 trillion in financial products on the blockchain. He stated that Ethereum is at the core of the future of finance and tokenization, and noted that BlackRock's Bitcoin ETF has become one of its top five fee-generating products.
