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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 Report, April 6 (UTC+8), Fundstrat co-founder Tom Lee stated that since the escalation of the Middle East conflict, Ethereum has become the second-best performing asset, with Bitcoin ranking third, and both have significantly outperformed the stock market overall. He pointed out that current war expenses are about $30 billion per month, which could rise to $100 billion in the future; in comparison, the impact of rising energy prices 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 amid high fiscal spending and energy volatility, cryptocurrencies as “liquidity and risk assets” are increasing in allocation value. (Source: ChainCatcher)