Tom Lee, Fundstrat’s Tom Lee, says digital assets will likely reach a point where smaller altcoins start to overshadow the larger-cap cryptocurrency.
Lee said that his company has begun recommending Ethereum and Solana to its clients in order to get them out of the Bitcoin risk curve.
Lee, the head of Fundstrat’s research, believes that altcoin investors may be able to gain some “alpha”, as the cycle progresses.
The answer is “yes”. “The answer is yes.”
Altseason is also upon us, according to me. The crypto market will broaden next year, and those with the most expertise in crypto are likely to be able to gain some real alpha.
“I believe that as Bitcoin becomes stronger, so does the entire ecosystem. This is why so many utility tokens are being tokenized and have an expected value that’s really high.”
Lee stated in the same interview that it is highly likely for Bitcoin to gain another 150% on top of all its gains.
I believe that over the next 12 months something in excess of $250,000 could be possible. However, it is highly likely if you follow this cycle.
I believe Bitcoin will have more potential than this because of the fact that the US has a pro Bitcoin platform. I also think it is possible for the US to legitimize Bitcoin and make it a reserve asset. This raises the question as to what price scenario Bitcoin could reach. If the US gets a million Bitcoin, it would become the biggest Bitcoin owner in the entire world. They can exert a huge positive influence by legitimizing Bitcoin.
“I would also add that… it’s like borrowing a playbook because MicroStrategy proved that Bitcoin used as a balanced sheet asset created value for MicroStrategy shareholder.”
Bitcoin currently trades for $97.521.
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The post Tom Lee of Fundstrat says that the crypto market is about to enter altcoin season. Here’s When. This article may change as new information becomes available.
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