Tom Lee Says Crypto Will Be “Really Bullish” For the Next 12 Months
Tom Lee says the subsequent 12 months will likely be “actually bullish” for crypto. The Wall Street strategist has cause to hope he’s proper, as a result of the firm he chairs sits about $5 billion underwater.
Lee runs analysis at Fundstrat Global Advisors and chairs BitMine Immersion Technologies, which holds 5.93 million ether.
The Worst is Over for Crypto Markets?
His first argument is that the ache already occurred. On October 10 final 12 months, a risk of 100% tariffs on China set off the largest liquidation crypto has seen. More than $19 billion in leveraged bets vanished in a day.
The borrowed cash went with it, Lee says. He reads the backside of crypto’s four-year cycle, a rhythm many merchants use to time the market, as subsequent month.
Prices haven’t caught up. Bitcoin (BTC) trades near $77,315, roughly 39% beneath its document above $126,000, set days earlier than that crash. Ether has added 3.2% in 24 hours to about $2,533.
“I believe it’s going to be a extremely bullish interval for crypto for the subsequent 12 months,” Lee told Wealthion.
A $20 Trillion Bet on Wall Street
The greater concept is tokenization. That means shifting shares, bonds and funds onto blockchains as an alternative of the gradual back-office programs banks run at the moment. BlackRock chief Larry Fink has said each asset will be tokenized.
Lee did the arithmetic. Shift $100 trillion of property on chain, maintain 1% of it, and that’s $1.1 trillion a 12 months in earnings. Valued like a standard enterprise, that may be a $20 trillion prize.
However, Lee’s math assumes the property transfer. Theo chief funding officer, Iggy Ioppe, calls wrapping an asset and parking it “tokenization theater.” BeInCrypto Research’s Tokenization 2026 report counted $60 billion (0.06% of 1% of the quantity Lee is pricing) on chain as of May 31, with 56% of that worth seeing no weekly transfers.
Washington votes Tuesday on whether or not to debate the CLARITY Act, which might hand the Commodity Futures Trading Commission (CFTC) management of spot crypto markets. Lee stated the company already acts that manner.
The Part He Does Not Advertise
None of that is impartial. BitMine’s ether is about $5 billion underwater, BeInCrypto reported this month. In August, Lee stated concern might push Bitcoin toward $150,000.
“I’d simply say the actual query that folks must ask is do they wish to be proper or do they wish to earn a living?” he posed.
Fundstrat has suggested a 2% crypto allocation for greater than a decade. In shopper accounts that took it, he stated, crypto is now greater than 85% of the portfolio.
The put up Tom Lee Says Crypto Will Be “Really Bullish” For the Next 12 Months appeared first on BeInCrypto.
