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Tom Lee: Ethereum has been the second-best performing asset since the Middle East conflict, only behind leading safe-haven assets.
ME News, April 6 (UTC+8): Fundstrat co-founder Tom Lee said that since the escalation of the Middle East conflict, Ethereum has become the second-best performing asset, with Bitcoin ranking third, and that both have overall significantly outperformed the stock market. He noted that current war spending is about $30 billion per month and may rise to around $100 billion in the future. By comparison, the impact of energy prices rising on consumers is relatively limited—every $10 increase in oil prices corresponds to only about $4 billion to $5 billion per month in consumer spending pressure. Tom Lee believes that against the backdrop of high fiscal spending and energy volatility, the allocation value of crypto assets as “liquidity and risk assets” is increasing. (Source: ChainCatcher)