Tom Lee: The crypto market has 200 times its current potential, and the best times are yet to come
Jinse Finance reported, citing CNBC, that Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated in an interview: "The best times in the cryptocurrency sector have yet to come. Currently, there are only 4 million bitcoin wallets holding more than $10,000 worth of BTC, while globally there are 900 million retirement and brokerage accounts, each with about $10,000. This means the market potential for cryptocurrency is 200 times what it is now. I think there were indeed some concerns about quantum computing in the past, and there was also a large-scale deleveraging event on October 11, but from a fundamental perspective, this year is ending at a very high level. The US government has already passed legislation and regulations favorable to cryptocurrency, and Wall Street has shown strong interest in building financial products on the blockchain, so the future direction and outlook are very clear, with high visibility, but token prices remain uncertain."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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