Fundstrat CIO Tom Lee dismissed the crypto downturn as temporary and predicted a new “supercycle.” He acknowledged heavy selling, with bitcoin near $62,000 and ether near $1,700, but said bank adoption and tokenization point to stronger underlying demand.
Lee attributed the weakness to several pressures, including an Nvidia selloff, security fears linked to AI, and an expected shift of capital toward an upcoming Anthropic IPO. He expects digital assets to become a settlement layer for traditional finance as tokenization grows; that is a forecast, not a completed shift.
