Crypto Alpha01

The CoinDesk Bitcoin Price Index closed April at $76,300, while the asset is currently trading just below $80,000.
Lee said investors remain psychologically anchored to the last crypto downturn and are underestimating the strength of the current rebound. He also pointed to bullish technical signals from veteran trader John Bollinger, who recently said his trend models had turned positive on bitcoin.
Adding to the bullish narrative, Lee noted that software stocks — a sector that was battered amid concerns of AI disrupting its business model and Fundstrat recently upgraded — have historically traded in close correlation with bitcoin. Since tensions escalated between the U.S. and Iran, Lee added, crypto assets have outperformed most traditional markets, with ether
ETH
$1,875.63
leading gains.
Tokenization and AI agents driving next cycle
Fueling the next bull market in crypto are two megatrends that are disrupting finance: all assets migrating onchain called tokenization and artificial intelligence (AI) agents using blockchain rails.
Lee argued that AI agents are going to need money to move value autonomously, and for that they will increasingly rely on blockchain networks and tokenized financial systems.
He pointed to stablecoin adoption as evidence the transition is already underway. Stablecoin transaction volumes have already surpassed Visa payments, he said, while he pointed to Grayscale's report that the $300 trillion securities market will eventually migrate to blockchain rails as tokenized assets.
"The networks that host a large share of tokenized activity are going to capture the economic value," Lee said.
That shift could radically reshape the economics of finance itself, he argued. Lee compared JPMorgan — projected to earn roughly $60 billion this year with 300,000 employees — to firms like stablecoin issuer Tether
USDT
$0.9989
and trading giant Jane Street, which generate similar profit levels with just a fraction of the workforce.
Tom Lee's presentation from his keynote at Consensus 2026 in Miami (CoinDesk)
Tom Lee's presentation from his keynote at Consensus 2026 in Miami (CoinDesk)
"Native digital companies using blockchain as settlement eliminate a lot of processes and people," he said.
In Lee's view, crypto-native financial firms could increasingly resemble the internet companies that displaced legacy media and telecom giants over the past two decades.
"In 10 years, half of the largest financial institutions in the world will be native digital," he said.
UPDATE (May 7, 17:01 UTC): Adds presentation slides cited by Tom Lee during his Consensus 2026 keynote.
Bitcoin News
Markets
Consensus Miami 2026
Related Assets
Ethereum
$1,875.61
0.23%
Bitcoin
$62,907.24
0.27%
Tether
$0.99
0.0016%
What best describes your role?
Institutional investor or asset manager
Financial advisor or wealth manager
Developer or builder
Individual investor
1 of 4
Latest Crypto News
1
Trump expected to attend White House meeting with crypto CEOs, sources say
9 hrs ago
2
Trump-backed World Liberty wins conditional bank charter from federal regulator
12 hrs ago
3
Tokenization stocks slip as SEC delay puts 'speed bump' in crypto’s Wall Street push
15 hrs ago
4
Strategy says MSCI should measure markets, not dictate corporate assets
19 hrs ago
5
Israel’s largest bank to offer crypto trading with Galaxy
19 hrs ago
6
Fear is fading across markets, be it bitcoin, stocks, gold or bonds
21 hrs ago
7
Trump family's World Liberty Financial delay plans to sell Maldives resort token
22 hrs ago
8
Bitcoin slips as U.S. inflation fails to spark gains, ETFs see August's first two-day drawdown
22 hrs ago
9
RedotPay said to put $1 billion U.S. IPO plan on hold: Bloomberg
22 hrs ago
10
Live updates: Bitcoin slips back to $63,000; MSCI threatens to exclude Strategy from indices
1 day ago
Latest Research
CoinDesk
Building the Zcash Machine: Tachyon and Quantum Readiness
By CoinDesk Research
Jun 30, 2026
Commissioned byGenZcash
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
View Full Report
More From Markets
Wall Street street signs (Chenyu Guan/Unsplash)
Tokenization stocks slip as SEC delay puts 'speed bump' in crypto’s Wall Street push
Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))
Strategy says MSCI should measure markets, not dictate corporate assets
(Eduardo Castro/Pixabay)
Israel’s largest bank to offer crypto trading with Galaxy
More From Ethereum
Donald Trump speaking at the White House crypto summit. (Jesse Hamilton/CoinDesk)
Trump expected to attend White House meeting with crypto CEOs, sources say
President Donald Trump at the White House (Jesse Hamilton/CoinDesk)
Trump-backed World Liberty wins conditional bank charter from federal regulator
Wall Street street
signs (Chenyu Guan/Unsplash)
Tokenization stocks slip as SEC delay puts 'speed bump' in crypto’s Wall Street push
$BTC $AKE $ACE

Veuillez utiliser les outils de partage disponibles via le bouton « Partager » en haut ou sur le côté des articles. Copier des articles à partager avec d’autres constitue une violation de
les conditions générales (CGU) et de la politique de droits d’auteur de FT.com. Écrivez à licensing@ft.com pour acheter des droits supplémentaires. Les abonnés peuvent partager jusqu’à 10 ou 20 articles par mois grâce au service d’article cadeau. Pour plus d’informations, veuillez consulter la FAQ Aide sur les articles cadeaux.
https://www.ft.com/content/a91356ef-67bd-4bd9-947b-b272423f1318?syn-25a6b1a6=1
Les données personnelles d’environ 14 000 détenteurs de crypto ont été exposées à la suite d’une violation de données touchant ce qui est censé être le moyen le plus sûr de conserver les clés qui donnent accès à des jetons numériques, les exposant potentiellement à des attaques criminelles.