He is Managing Partner and Head of Research at Fundstrat Global Advisors, and shared his views on Amit Kukreja’s podcast about the differences between a new generation of individual investors and institutional investors.
The experienced strategist clearly stated that the real reason behind his preference for Ethereum is the growth of the stubcoin sector.
Tom Lee, longtime chief strategist at JPMorgan Chase, is known among US investors for his accurate forecasts of market trends and frequent appearances on major media platforms such as CNBC. But he was also a target for criticism of his consistently optimistic approach to the market.
In the podcast, Lee also touches on the characteristics of the era in which individual investors today find themselves, resulting in two major factors that change over this period. It’s the visibility provided by independent media channels with the rise of social media, especially Twitter, and the revival of investor optimism that arises every 20 years in the US.
Known for his strong support for cryptocurrency, Lee was recently appointed chairman of Bitmine and played an active role in the $250 million Ethereum financial strategy. This movement resonated heavily in the crypto market.
While he praised Ethereum for its technical aspects, Lee explained the main reasons.
“Because Ethereum is a programmable smart contract blockchain. But honestly, the real reason I chose Ethereum is the explosion of stubcoin. For example, circles were one of the best IPOs of the past five years. The Crypto world.
*This is not investment advice.