Tom Lee says crypto is already in a bull market, flags four upside signals
- —Lee cited four drivers: rotation from AI stocks, RWA tokenization, the end of the halving cycle and friendlier regulation
- —Ethereum is up over 60% since June 30 to $2,652, beating macro assets by 6,519 basis points
- —Bitmine bought another $75 million of ETH (27,562 coins), lifting holdings to about 5.98 million ETH worth $16.3 billion
- —More than 5.06 million ETH, or 85% of Bitmine's stack, is staked
Why it matters: Comments from a prominent institutional bull reinforce the narrative of Q4 inflows into ETH and tokenization.
Source: Blockmedia