Tom Lee of Fundstrat believes that the basic market dynamics favor the bullish trend of cryptocurrencies despite recent price problems.
In a new interview with CNBC, Lee predicts that crypto’s “best years are definitely still ahead.”
“Today there are only four million Bitcoin wallets holding $10,000. There are 900 million IRA and brokerage accounts worldwide holding $10,000, which is a market 200 times larger.”
Lee believes the crypto story in 2025 is still positive despite some hiccups and “uncertain” price levels.
“I think there were some concerns about quantum, and then there was this huge deleveraging event on October 10, but the fundamental crypto story is ending on a really good note this year.
The US government has passed crypto-friendly legislation and regulations, and we know that Wall Street has expressed a lot of interest in building products on the blockchain.
Lee’s optimism is also reflected in his business decisions. The Fundstrat executive’s digital asset treasury company, BitMine Immersion (BMNR), added 102,259 Ethereum (ETH) to its holdings over the past week.
BitMine, the world’s largest ETH treasury vehicle, holds over $11.7 billion worth of Ethereum at the time of writing.
Lee says on CNBC that Bitmine is “becoming more of a bridge to Wall Street” with investments in decentralized finance (DeFi) and financial infrastructure.
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Featured image: Shutterstock/gonin/MicroOne
