Institutional Buyers Are Powering Crypto’s Next Leg Up
Crypto markets may be climbing, but some investors don’t believe the rally is real, and that’s exactly why it could go much higher, according to Tom Lee, co-founder of Fundstrat and chairman of Ethereum treasury firm Bitmine Immersion (BMNR).
Speaking with CoinDeskTV, Lee explained why he called the rebound across crypto and equities that started in April “the most hated V-shaped bounce in history.“
That’s because when markets slumped after President Donald Trump’s tariff announcements at the beginning of the month, economists predicted a recession, and many investors steered clear of riskier assets. The rebound caught them off guard.
“Since 2020, investors have underestimated every recovery,” he said. “This one is no…
