The recent rise in crypto money markets is not realistic by some investors. According to Tom Lee, the founder of Fundstrat and Bitmine Immersion (BMNR) Chairman, this cautious approach actually paves the way for the markets to gain more value. Lee said that the revival in the markets caught many investors unprepared.
Investors approaching optimism cautiously
At the beginning of June, US President Donald Trump had a decline after the statements about tariffs. Expectations were in the direction of recession and risky assets were avoided. However, a rapid recovery was seen in crypto beings and stocks, contrary to expected. This was described by Lee as ı the most hated V -shaped recovery in history ”.
Tom Lee, ” Since 2020 investors underestimated every recovery. This period is no different. ” He said.
Nevertheless, Lee believes that the main positive developments in the market are not taken into account by investors. According to him, this approach can lead to further rise.
Crypto purchases of institutions are increasing
According to Tom Lee, especially traditional financial institutions are slowly and cautiously directed to crypto markets. Ethereum $3,514.43 It is noted that the interest in the block chain has increased. Ethereum’s technical stability and legally reliability are effective in directing the major financial institutions to this network.
“Ethereum has never been interrupted. This is important for banks.” He made his statement.
Bitmine Immersion shows his belief in Ethereum in their existence. The company currently has 625,000 ETH and over 2.8 billion dollars. The company has almost no debt.
Tom Lee said, “We confirm our receiving reinstall plan of $ 1 billion, and our aim is to achieve 5 %of the total ETH supply.” He said.
Price forecasts and future expectations
Bitcoin $113,866.70It is stated that it has started to have an important place among corporate investors. Lee, the US Federal Reserve in interest policies of the downward steps in interest policies, Bitcoin has a serious price increase in the opinion.
“We are not at the top of the market, we are in the middle of the cycle.” He made his statement.
Ethereum’s current price is around $ 3,700. Tom Lee claimed that he could reach $ 15,000 based on Ethereum’s basic indicators. He also stressed that the main story is that corporate participation is less appreciated than expected.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.