Institutional investors are quietly loading up on Bitcoin and Ether, and that’s a powerful bullish signal, according to Tom Lee, co-founder of Fundstrat and chairman of Bitmine Immersion Technologies (BMNR).
‘The Most Hated Rally’ Is Still in Mid-Cycle
Speaking on CoinDeskTV, Lee described the recent crypto recovery as “the most hated V-shaped bounce in history,” pointing to how sentiment soured sharply after President Trump’s tariff announcements sparked fears of recession earlier this month.
**“Since 2020, investors have underestimated every recovery. This one is no different,” Lee said._
Markets have rebounded sharply since April, but many investors remain skeptical — and that disbelief, Lee argues, is fuel for further upside. “We’re not at the top,” he insisted. “We’re just mid-cycle.”
Ethereum and Tokenization: The Wall Street Connection
Wall Street’s increasing interest in Ethereum is tied directly to tokenization efforts, according to Lee. Financial institutions are favoring Ethereum because of its technical reliability and regulatory clarity.
“Ethereum has never had downtime. That matters to banks,” Lee emphasized.
His firm, Bitmine, is backing that belief with action. It now holds 625,000 ETH, valued around $2.3 billion, and has nearly $2.8 billion in total assets with minimal debt. Bitmine recently approved a $1 billion stock buyback and reiterated its goal to accumulate 5% of the entire ETH supply.
Bitcoin Could Reach $250K if Fed Cuts Rates
Lee also sees Bitcoin heading sharply higher. If the Federal Reserve shifts to interest rate cuts, Lee forecasts Bitcoin could surge to $250,000.
At the time of writing, BTC trades at $113,833, while ETH hovers near $3,700.
He also believes ETH is significantly undervalued, estimating its fair value at $15,000 based on network fundamentals, token flows, and adoption metrics.
Underappreciated Institutional Demand
What’s driving the next leg of the bull run? According to Lee, it’s the quiet but steady accumulation by traditional finance—not retail FOMO.
“The real story is underappreciated institutional adoption,” he concluded.
As skepticism persists in the face of rising prices, Lee sees more upside ahead, supported by structural tailwinds and Wall Street’s growing crypto exposure.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.