🐂 Tom Lee: “The crypto bull market is already underway—you just missed it!”
Bitmine’s CEO and Fundstrat co-founder Tom Lee said the crypto market has entered a bullish phase. Moreover, according to him, it began as early as the end of June, and many simply didn’t notice.
Why he thinks so:
🔄 Rotation out of AI stocks back into crypto. Money is returning to where it left.
🏦 Tokenization. Stocks, bonds, and funds are moving onto the blockchain.
🤖 AI agents are creating new demand for crypto payments and settlements.
⏳ The end of the four-year cycle. The old rules that the market lived by after each halving, in his view, are no longer working.
Digits that impress:
Since the start of the quarter, Ethereum has outperformed the S&P 500 by 6,519 basis points, i.e., 65 percentage points.
Bitmine buys ETH every week without missing a beat and already owns almost 6 million coins. That’s about 5% of the entire Ethereum supply, and all of it has been accumulated in less than 15 months.
Lee’s target levels: $150,000 for Bitcoin and $60,000 for Ethereum (over the next few years).
What about institutions?
Lee is confident that they’re still underexposed to crypto, and in the fourth quarter they’ll start actively buying more. He even responded to a CZ meme (Binance founder) with something like: “Agreed—do you have enough crypto?”
His main advice: don’t try to perfectly guess the entry timing. Under his “rule of the 10 best days,” most of crypto’s returns come from a handful of sharp rallies. If you exit the market, you’ll miss them. “I think we’re still at the beginning. Crypto can rise a lot,” he says.
⚠️ A dose of skepticism: critics have objections. Analysts call a portion of tokenization “tokenization theater.” According to BeInCrypto, only about $60 billion is currently sitting on-chain, and more than half of those assets haven’t moved for weeks. Plus, Lee is known for his bullish stance, and his company is itself interested in ETH’s growth.
This is not investment advice.
