Tom Lee: Crypto Market Will Be "Very Bullish" Over the Next 12 Months, Tokenization Market Opportunity Could Reach $20 Trillion

Odaily reports: Tom Lee, co-founder and Head of Research at Fundstrat and Chairman of BitMine, said in an interview with Wealthion that he expects the next 12 months to be a "very bullish" period for the crypto market. Lee believes that after the market experienced over $19 billion in leveraged position liquidations in October last year, a large amount of leverage has been cleared out, and based on the crypto market's four-year cycle, the cycle bottom could appear next month.

Lee is also bullish on the long-term opportunities brought by asset tokenization. He estimates that if approximately $100 trillion in traditional assets migrate on-chain in the future and generate about 1% in related revenue opportunities, this could correspond to roughly $1.1 trillion in annual revenue and $20 trillion in potential market value. Currently, BitMine holds approximately 5.93 million ETH, and its ETH holdings are reportedly showing unrealized losses of about $5 billion.