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Tom Lee: Ethereum has been the second-best performing asset since the Middle East conflict, only behind leading safe-haven assets.
ME News Report, April 6 (UTC+8), Fundstrat co-founder Tom Lee stated that since the escalation of the Middle East conflict, Ethereum has become the second-best performing asset, with Bitcoin ranking third, and both have significantly outperformed the stock market overall. He pointed out that current war expenses are about $30 billion per month, which could rise to $100 billion in the future; in comparison, the impact of rising energy prices on consumers is relatively limited — a $10 increase in oil prices corresponds to only about $4 billion to $5 billion per month in consumer spending pressure. Tom Lee believes that against the backdrop of high fiscal spending and energy volatility, cryptocurrencies as “liquidity and risk assets” are increasing in allocation value. (Source: ChainCatcher)