Tom Lee Links Crypto’s Next 12 Months To Wall Street Demand

2h ago•

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Tom Lee occupies roughly two-thirds of the foreground, sitting on a Wall Street rooftop. He looks enthusiastically through a gigantic financial telescope pointed toward the horizon. In the lens and off in the distance, an enormous Bitcoin, Ethereum, and several crypto assets are seen starting a spectacular rise into a bright orange sky. Tom Lee pulls an eye back slightly from the telescope, wearing a surprised and confident smile, as if he had just caught sight of something the rest of the market does not see yet.

Wall Street institutions are increasingly approaching the crypto universe. According to Tom Lee, president of BitMine, this evolution would support the market over the next twelve months. His scenario relies on the growing adoption of blockchain by traditional finance, BitMine's exposure to Ethereum, and a market he considers cleansed after excessive leverage. However, US regulation remains more uncertain.

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