Tom Lee: The crypto bear market is nearing its end; ETH benefits from asset tokenization and AI narratives.

Bitmine Chairman Tom Lee stated that market signs indicate the current "crypto winter" is nearing its end. He pointed out that ETH has rebounded by approximately 41% since its early February lows, outperforming the S&P 500 in recent times. He believes Ethereum is currently benefiting primarily from two narratives: the advancement of tokenization of traditional financial assets and the increasing demand for public blockchain infrastructure from AI systems. Furthermore, he noted that historically, crypto bear markets have often been accompanied by significant stock market corrections, and the current changes in the macroeconomic environment may indicate that this cycle is nearing its end. (Prnewswire)