BitMine Chairman Tom Lee said during a speech at TOKEN2049 week in Singapore that the crypto market has entered what he called a "full bull market." If he had to assign a starting point for the current upcycle, Lee said he would place it in August this year. He also argued that, from the perspective of the four-year cycle, the market bottom has already formed and that this cycle could become "the biggest crypto bull market in history." Lee pointed to four new drivers behind the current run: institution-led asset tokenization, intergenerational wealth transfer over the next decade, continued absorption of crypto supply by digital asset treasury companies, or DATs, and the development of AI-Crypto use cases such as AI Agent payments. He added that the migration of traditional financial assets on-chain could become an important source of incremental capital, while AI Agents are more likely in the future to use crypto wallets for payments and settlement.
BitMine Chairman Tom Lee said during a speech at TOKEN2049 week in Singapore that the crypto market has entered a "full bull market." If he were to assign a starting point to the current rally, he said it would be August this year.
Lee said the market has already found its bottom from the standpoint of the four-year cycle, and that the current cycle could become "the biggest crypto bull market in history."
Compared with previous cycles, Lee said this bull market has four new drivers:
- institution-led asset tokenization;
- intergenerational wealth transfer over the next decade;
- continued absorption of crypto asset supply by digital asset treasury companies, or DATs;
- the growth of AI-Crypto use cases such as AI Agent payments.
Lee also said the migration of traditional financial assets on-chain could become an important source of incremental capital. He added that AI Agents are more likely in the future to use crypto wallets for payments and settlement.
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