Tom Lee: Coin price falls but ATH could be next year

In the latest podcast, Tom Lee stated that the strong bearish phase of crypto over the past few months has led to an extremely negative market sentiment, with many investors fearing this is the beginning of a year-long decline in the four-year cycle. However, he warns that prices do not always accurately reflect the strength of the market, as sometimes the platform is still improving significantly while prices remain skeptical. According to Tom, this is currently such a phase.

For Bitcoin, Tom Lee believes this is the time when this asset attracts a completely new group of institutional investors. In particular, legal advancements in the U.S. such as the Clarity Act and discussions about the Bitcoin Strategic Reserve are facilitating institutional capital flow into the market.

Regarding Ethereum, the main growth momentum comes from stablecoins and the trend of asset tokenization. Many large companies like BlackRock and Robinhood are looking to bring various types of financial assets onto the blockchain, paving the way for sustainable innovation, even though the prices of ETH and BTC have not increased immediately.

Tom Lee affirms that the crypto market has not yet reached the peak of the four-year cycle and believes that the ATH of Bitcoin and Ethereum may appear next year as liquidity improves and the market becomes less overly concentrated than this year. This is a positive signal for long-term investors looking for opportunities in the current phase.