He’s Managing Accomplice and Head of Analysis at Fundstrat World Advisors, and shared his views on Amit Kukreja's podcast concerning the variations between a brand new technology of particular person buyers and institutional buyers.
The skilled strategist clearly said that the actual motive behind his desire for Ethereum is the expansion of the stubcoin sector.
Tom Lee, longtime chief strategist at JPMorgan Chase, is understood amongst US buyers for his correct forecasts of market traits and frequent appearances on main media platforms corresponding to CNBC. However he was additionally a goal for criticism of his persistently optimistic method to the market.
Within the podcast, Lee additionally touches on the traits of the period wherein particular person buyers at the moment discover themselves, leading to two main components that change over this era. It's the visibility supplied by unbiased media channels with the rise of social media, particularly Twitter, and the revival of investor optimism that arises each 20 years within the US.
Identified for his sturdy help for cryptocurrency, Lee was just lately appointed chairman of Bitmine and performed an lively function within the $250 million Ethereum monetary technique. This motion resonated closely within the crypto market.
Whereas he praised Ethereum for its technical elements, Lee defined the primary causes.
“As a result of Ethereum is a programmable sensible contract blockchain. However actually, the actual motive I selected Ethereum is the explosion of stubcoin. For instance, circles have been top-of-the-line IPOs of the previous 5 years. The Crypto world.
*This isn’t funding recommendation.
