Wall Street Is Buying Crypto ‘Quietly’ — And That’s Bullish, Says Bitmine's Tom Lee

Crypto markets whitethorn beryllium climbing, but immoderate investors don’t judge the rally is real, and that’s precisely wherefore it could spell overmuch higher, according to Tom Lee, co-founder of Fundstrat and president of Ethereum treasury steadfast Bitmine Immersion (BMNR).

Speaking with CoinDeskTV, Lee explained wherefore helium called the rebound crossed crypto and equities that started successful April "the astir hated V-shaped bounce successful history."

That's due to the fact that erstwhile markets slumped aft President Donald Trump's tariff announcements astatine the opening of the month, economists predicted a recession, and galore investors steered wide of riskier assets. The rebound caught them disconnected guard.

"Since 2020, investors person underestimated each recovery,” helium said. “This 1 is nary different."

Traditional concern is progressively buying into crypto — steadily and quietly, Lee said. The Ethereum blockchain's ether (ETH), helium said, is benefiting from Wall Street’s propulsion into tokenization, choosing the web for its ineligible clarity and method reliability. “Ethereum has ne'er had downtime. That matters to banks,” helium noted.

Lee's company, Bitmine, is betting connected that.

The institution presently holds 625,000 ETH and astir $2.8 cardinal successful assets, with virtually nary debt. Lee besides confirmed a $1 cardinal stock buyback, portion reaffirming the company’s extremity to accumulate 5% of the ETH supply.

Bitcoin (BTC), meanwhile, is becoming a recurring bargain for organization investors. Lee said helium believes a displacement successful Federal Reserve argumentation — peculiarly a determination to complaint cuts successful the coming months — could nonstop BTC surging toward $250,000.

Lee values ETH, presently priced astatine $3,700, astatine $15,000 based connected web fundamentals. He maintains the existent communicative is underappreciated organization adoption.

"We’re not astatine the top," helium said. "We’re conscionable mid-cycle."