• Tom Lee forecasts Bitcoin at $1 million and Ethereum at $60,000.
• He says sovereign buyers and institutions are reshaping crypto cycles.
• Stablecoins could fund U.S. Treasuries and reinforce dollar dominance.

Fundstrat’s Tom Lee has laid out a super-cycle thesis that sees Bitcoin climbing to $1 million and Ethereum to $60,000. Speaking in an interview with Mario Nawfal, released this week, the chairman of BitMine said institutional adoption, sovereign demand, and stablecoins will anchor the next phase of crypto growth.

Lee, a former chief equity strategist at JPMorgan, became known in 2017 when he predicted Bitcoin would reach $25,000. At the time, Bitcoin traded under $1,000, and his outlook was widely dismissed. Some hedge funds even canceled services with his firm, claiming digital assets lacked legitimacy.

Related: Fundstrat’s Tom Lee Predicts a $15,000 Ethereum by Year-End, Calls It the “Biggest Macro Trade”

Lee explained that attitudes have shifted since then. “Crypto was met with a lot of skepticism by institutional investors until recently,” he said, noting that U.S. policymakers were also hostile until this year. Notably, he projects …

The post Tom Lee Sees Bitcoin Hitting $1M, Ethereum $60K as Institutions Pile In appeared first on Coin Edition.

• Tom Lee forecasts Bitcoin at $1 million and Ethereum at $60,000.
• He says sovereign buyers and institutions are reshaping crypto cycles.
• Stablecoins could fund U.S. Treasuries and reinforce dollar dominance.

Fundstrat’s Tom Lee has laid out a super-cycle thesis that sees Bitcoin climbing to $1 million and Ethereum to $60,000. Speaking in an interview with Mario Nawfal, released this week, the chairman of BitMine said institutional adoption, sovereign demand, and stablecoins will anchor the next phase of crypto growth.

Lee, a former chief equity strategist at JPMorgan, became known in 2017 when he predicted Bitcoin would reach $25,000. At the time, Bitcoin traded under $1,000, and his outlook was widely dismissed. Some hedge funds even canceled services with his firm, claiming digital assets lacked legitimacy.

Related: Fundstrat’s Tom Lee Predicts a $15,000 Ethereum by Year-End, Calls It the “Biggest Macro Trade”

Lee explained that attitudes have shifted since then. “Crypto was met with a lot of skepticism by institutional investors until recently,” he said, noting that U.S. policymakers were also hostile until this year. Notably, he projects …

The post Tom Lee Sees Bitcoin Hitting $1M, Ethereum $60K as Institutions Pile In appeared first on Coin Edition.