Cryptographic markets can climb, but some investors do not believe that the rally is real, and that is exactly why it could go much higher, according to Tom Lee, co-founder of Fundstrat and president of the company of Ethereum Treasury Bitmine Immersion (BMNR).
Addressing Coindesktv, Lee explained why he called the rebound through the crypto and the actions that started in April “the most hated V -shaped rebound in history”.
Indeed, when the markets dropped after the pricing announcements of President Donald Trump at the beginning of the month, economists predicted a recession and many investors avoided the more risky assets. The rebound took them off guard.
“Since 2020, investors have underestimated each recovery,” he said. “This is no different.”
Traditional finance buys more and more in the crypto – regularly and quietly, said Lee. The ether of the Ethereum blockchain (Eth)He said, benefits from Wall Street’s push in tokenization, choosing the network for its legal clarity and technical reliability. “Ethereum has never had stop time. This counts for banks,” he noted.
Lee’s company, Bitmin, bets on this subject.
The company currently holds 625,000 ETH and nearly $ 2.8 billion in assets, without practically no debt. Lee has also confirmed a share repurchase of $ 1 billion, while reaffirming the company’s objective to accumulate 5% of ETH’s supply.
Bitcoin
As for him, becomes a recurring purchase for institutional investors. Lee said he was thinking that a change in the federal reserve policy – in particular a pricing decision in the coming months – could send an BTC increase to $ 250,000.
Lee Valent ETH, at a price currently at a price of $ 3,700, at $ 15,000 depending on the fundamental principles of the network. He maintains that the real story is underestimated institutional adoption.
“We are not at the top,” he said. “We are just in the middle of the cycle.”
