Financial analyst, businessman, and stock market strategist Tom Lee said that the bull market in crypto is underway, having started in late June and driven by tokenization, with AI money rotating back toward cryptocurrencies. He also believes that the pullbacks associated with the traditional four-year Bitcoin cycle and the crypto market have found their floor, setting the stage for a new expansionary phase.
In addition, Lee projected that the low initial allocation that institutional investors kept in crypto for much of the year—due to AI’s strong early prominence—will reverse, further boosting prices heading into year-end.
In addition, Lee projected that the low initial allocation that institutional investors kept in crypto for much of the year—due to AI’s strong early prominence—will reverse, further boosting prices heading into year-end.
