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Tag: Fundstrat Global Advisors

  • Ethereum As The Default Crypto Backbone: The Real Reason Behind Tom Lee’s Pick

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    Ethereum has become the default settlement layer engine of decentralized finance, and Tom Lee, the co-founder of Fundstrat Global Advisors, has recently expressed a bullish stance on ETH that was far from a random call. This dominant position explains why Lee’s confidence in ETH is rooted in speculation and the backbone of digital finance.

    How Ethereum Powers The Largest Share Of Decentralized Finance

    In an X post, analyst AdrianoFeria has highlighted that Tom Lee, the co-founder of Fundstrat Global Advisors, has chosen ETH because it is the default choice for stablecoins, tokenization, and DeFi, and the very rails on which the future of finance is being built. Ethereum is the internet of finance, and Wall Street is finally waking up to the reality.

    Tom Lee and more high-profile figures of institutional finance are entering the ETH race and quietly building positions. The analyst noted that Ethereum treasuries are not just decentralized asset trackers (DATs). Rather, they are the perfect vehicle for influential billionaires who are late to ETH to gain leveraged exposure, while gifting early investors an entire army of mainstream ETH bulls who will defend their allocation in the media and beyond.

    He has also stated that the representation of these treasuries and the capital flowing in is not just retail noise anymore, but is big money with a megaphone. The people backing Ethereum are changing the story at the highest levels of finance, and ETH is getting closer to cementing its role as the backbone of global markets.

    However, this isn’t Bitcoin’s game anymore. It’s Ethereum’s internet of finance, and the smart money knows it. For those still clinging to the tired argument that ETH isn’t a store of value, the market has been slapping that narrative down for a decade. Despite endless FUD from no-coiners and even insiders, ETH has been the best-performing asset in the world over the last ten years. 

    Why ETH’s Volume Momentum Could Matter For Bulls

    Following its recent upward trend to a new all-time high, AdrianoFeria also revealed that the ETH momentum over the past three months has been more than just price appreciation. It has been a showcase of growing market dominance. Unlike most altcoins, ETH has consistently brought higher trading volume on exchanges compared to any other crypto asset, including Bitcoin.

    ETH’s volume has been trending upward steadily, while signaling sustained investor interest and market activity. The widening gap between ETH and BTC trading volumes underscores a shift in market attention, and as ETH/BTC continues to climb, more traders and institutions are prioritizing Ethereum.

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    Godspower Owie

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  • Bitcoin’s bullish horizon: Tom Lee forecasts $150,000 target

    Bitcoin’s bullish horizon: Tom Lee forecasts $150,000 target

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    Tom Lee, the founder and head of research at FundStrat Global Advisors, has once again vocalized a compellingly bullish forecast for Bitcoin (BTC). 

    During an engaging interview with CNBC, Lee projected an impressive potential upswing for Bitcoin, positing it might escalate to a staggering $150,000 within the next 12 to 18 months. 

    This prediction suggests a roughly 117% increase from its current standing, captured against the backdrop of Bitcoin’s role as a safeguard against fiscal instability. 

    “I think that sometime in the next 12–18 months, Bitcoin can be over $150,000. But that’s because the backdrop for BTC is so much more favorable today.”

    Highlighting a trio of factors underpinning his optimistic outlook, Lee underscored the increasing clamor for a spot exchange-traded fund (ETF) as a primary driver. 

    According to Lee, the fervent investment flow into the spot Bitcoin ETF, coupled with the upcoming Bitcoin halving event, creates a ripe environment for Bitcoin’s value to climb. 

    The halving event is poised to reduce the cryptocurrency’s new supply.

    Lee specifically pointed to the fresh inflows into spot Bitcoin ETFs, like BlackRock’s, which recently witnessed a nearly $800 million boost. He explained to CNBC that the demand increase observed with the introduction of new ETFs, coupled with the supply decrease due to halving, along with the expected easing of monetary policy, is likely to support risk assets.

    He also mentioned that these ETFs now have over $28 billion in assets, surpassing the assets in the Grayscale Bitcoin Trust ETF (GBTC) for the first time. This milestone signals strong institutional interest in Bitcoin.

    Lee further elaborated on the supply-demand discrepancy, particularly ahead of the Bitcoin halving event, which is anticipated to exacerbate this imbalance in favor of price surges.

    On the regulatory front, Lee conveyed an optimistic view. He suggested that Bitcoin might have already traversed the toughest phase of regulatory challenges over the past 18 months. 

    He suggested that considering the intensity of regulatory actions experienced in the crypto space in the past 12 to 18 months, it is unlikely, from his perspective, that the regulatory challenges for Bitcoin will intensify further.

    The forecast comes at a time when Bitcoin has seen a slight cooling off after hitting a new all-time high of $70,083 on March 8. Despite a minor dip below the $68,300 threshold, Bitcoin’s resilience remains notable.

    Bitcoin 24-hour price chart | Source: CoinGecko

    At the time of writing, the coin’s price was up 1.5% over 24 hours. Bitcoin was changing hands at $69,308, per data from CoinGecko. Its trading volume over that period suffered a nearly 39% dip, ending the day with a value of $31,576,168,688.

    Lee’s insight into Bitcoin’s potential trajectory offers a gleaming beacon for bullish investors and a fascinating storyline in the dynamic world of cryptocurrency.


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    Julius Mutunkei

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