Tom Lee: "Crypto is Preparing to Enter an Unprecedented Super Cycle"

Tom Lee, Chairman of Bitmine and research expert at Fundstrat, believes that 2024 marks an important turning point for the Bitcoin market. If individual investors used to dominate, now large funds and institutions have become the leading force. A long-term strategy and stable capital flow from them can help reduce the strong volatility associated with the boom and bust cycles following the halving event. Lee believes that this year will be a test to see if Bitcoin continues to follow its old trajectory or separates itself from dependence on the stock market. Bold Prediction: Bitcoin 1 Million USD, Ethereum 60,000 USD Lee gained attention in 2017 when he left JP Morgan to establish Fundstrat and valued Bitcoin at $25,000, even though the price was below $1,000 at that time. In fact, by 2022, Bitcoin had reached that threshold. With the context of investment funds, corporations, and even governments increasingly participating, he believes that the old speculative models are no longer applicable. "The change in the structure of demand could create a new super cycle for digital currency," Lee emphasized. He predicts Ethereum will reach 60,000 USD and Bitcoin will approach 1 million USD, supported by the liquidity cycle, institutional adoption, and the application of blockchain technology as well as AI. Crypto and the Future of Global Finance In addition to price prospects, Lee pointed out the bigger picture: global debt has surpassed 600 trillion USD from pensions, businesses to governments. In the face of concerns about inflation or deflation, he believes that technological innovation, especially AI, stablecoins, and central bank digital currencies (CBDC), could play a stabilizing role. In fact, stablecoins are currently purchasing US bonds on a scale comparable to Japan or China, indicating an increasing influence. If CBDCs are widely implemented, governments may inject money directly in digital form, rather than just adjusting interest rates. According to Lee, this is the scenario for crypto to transform from a speculative channel into a pillar of the global financial system.