Bitcoin Surpasses Key Level as Tom Lee Declares Crypto's Biggest Bull Market Underway
Tom Lee, chairman of BitMine, believes that the biggest bull market for cryptocurrency has already begun. He made this statement at the Korea Blockchain Week on September 30.
The signals indicating a bull run are numerous, according to Lee. Bitcoin has surpassed its 200-day moving average, which is closely watched by traders for turning points. Additionally, big institutions are buying again, and tokenization is accelerating.
Another key factor Lee mentioned was the transfer of wealth from older generations into digital assets. He even pointed out that AI systems have started using cryptocurrency to pay each other.
Regarding Ethereum, Lee noted that its long stagnation could be a buildup for a major breakout. BitMine holds nearly 5% of the ETH supply and stakes most of it to earn steady passive yields, highlighting implications for staking, DeFi liquidity, and token adoption.