Fundstrat co-founder Tom Lee said in a reply on X that Ethereum is emerging as the settlement layer for both Wall Street and artificial intelligence. He tied that view to two developments already taking shape: the tokenization of traditional assets on Wall Street and the rise of autonomous AI systems.
Lee also pointed to the recent breakout in the ETH/BTC exchange rate as a sign that the market is starting to price in that shift. He said BitMine Immersion Technologies, where he serves as chairman, has already backed the thesis through purchases that brought Ethereum to nearly 5% of its holdings.
The comment came as ETH stood out from much of the large-cap crypto market. Over the past week, Ethereum was one of the few top-10 digital assets to post gains, and it was trading at about $2,518 on Monday, according to the source material cited by Techub News from BeInCrypto.
Fundstrat co-founder Tom Lee said in a reply on X that Ethereum is becoming the settlement layer for Wall Street and artificial intelligence.
Lee linked that role to two trends: the tokenization of traditional Wall Street assets and the rise of autonomous AI.
He said the recent breakout in the ETH/BTC exchange rate is evidence that the market is absorbing that shift. BitMine Immersion Technologies, where Lee serves as chairman, has also acted on that view through purchases, with Ethereum accounting for nearly 5% of its holdings.
Over the past week, ETH was one of the few top-10 crypto assets to rise, and it was trading at about $2,518 on Monday.
Techub News cited BeInCrypto in the item.
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