원문 보기
If Bitcoin reaches a million, and it goes 10x from here, that means Ethereum could go up 50x. This is that moment. Bitcoin will reach a new high this year. The most important piece of advice I can give people is that many investors have been waiting for this market analysis from Tom Lee, and he finally breaks it down in this video.
If you own Bitcoin, Ethereum, or any other cryptocurrency, you better pay very close attention to it because Tom Lee believes we could still see a powerful breakout as we approach the end of the year. Significant changes are possible, and the next move in the market could surprise many investors. So let's hear exactly what Tom Lee has to say.
So, cryptocurrency outperformed gold and kept pace with it until October 10. And in October, for example, Bitcoin grew by 36%, and Ethereum by 45. So, Ethereum outperformed silver. But October 10th saw the largest deleveraging event in cryptocurrency history, bigger than what happened in November 2022 around FTX.
And after that, Bitcoin lost more than 35% of its value, and any theory would say almost 50%. The cryptocurrency lost its value to gold due to the reduction in leverage within the cryptocurrency. Cryptocurrencies periodically experience leverage reductions. This really makes the work of market makers worse.
And market makers are, in essence, the central bank of cryptocurrency. So many market makers, I would say maybe half, were wiped out on October 10th . So until the day cryptocurrency becomes widespread and supported by institutional investors, internal leverage reductions seem to be knocking it off its feet.
Bitcoin is digital gold, but the universe of people who believe in this thesis is not the same universe that owns gold. The adoption curve of cryptocurrency, I think , is still higher than that of gold because more people own gold than cryptocurrency. But the path to increasing that level of adoption is going to be very bumpy, and I think 2026 will be a really important test because if Bitcoin hits a new all-time high, we know that the deleveraging is behind us.
I think Bitcoin will reach a new high this year. What is the reason for this? Well, I think the utility of cryptocurrency is growing . So, we know that banks, for example, recognize blockchain, and the idea of settlements and finality works very well on blockchain. And then a company like Tether, a crypto bank, proves that a bank based on blockchain is actually better than a traditional bank.
For example, Tether is expected to generate nearly $20 billion in revenue in 2026. This would make it one of the top five banks by profit. They could be second only to JP Morgan in valuation, which is twice the valuation of Goldman Sachs or Morgan Stanley. Tether has only 300 full-time employees. JP Morgan has 300,000.
So using blockchain, they make almost as much... Well, they make more money than any bank, and they only have less than 1% of the M1 money supply and a tiny balance sheet, and yet they're one of the most profitable banks in the world. Um, you know, Ethereum is the second largest blockchain. And I think it will always be more volatile than Bitcoin until it becomes similar in size.
The crypto world views Ethereum as a price match to Bitcoin. So there is this: if you simply say ETH to BTC, then assume that Bitcoin is the price denomination of the crypto world. The Ethereum to Bitcoin price ratio is still lower than it was in 2021, 4 years ago. And compared to 4 years ago, Ethereum is a much better blockchain because we know that tokenization, including tokenized dollars, is one of the big bets that Wall Street is making .
BlackRock has already tokenized loan funds on Ethereum. So Ethereum is actually a blockchain that Wall Street is starting to use. I think the most important piece of advice I can give people is that trying to time the market makes you the enemy of your future performance. Because many investors always want to buy only at the bottom and sell at the top.
And in fact, in cryptocurrency, all the people who really make money are those who invest for the long term. They should view the pullback as a chance to buy , not as a chance to sell. I think that's a really important distinction because too many people sell on emotion and then don't make a second decision to repurchase.
And then they lose all the benefits that complex investing offers. Well, I think a lot of listeners are skeptical about cryptocurrencies and may not even have any experience, but say they really understand it. One of the things we should appreciate is that cryptocurrency is being embraced by the younger generation.
I mean, it's part of their lives because they are digital natives. And there is a real blurring between what is a service and what is money in the future. This is no different than what happened in 1995 when Bill Gates was on Letterman talking about the Internet. David Letterman expressed enormous skepticism about what the internet was because he was not the generation that embraced the internet.
If David, or Bill Gates, were to explain this to a 20- year-old, the 20- year-old would instantly understand the future of the internet. And I think that's exactly what's happening with cryptocurrency today. I would only buy the cryptocurrency that already exists, i.e. Bitcoin and Ethereum. But the second thing I would focus on is that cryptocurrency is a settlement layer .
He may be invisible in the future. Bitmain not only acts as a settlement layer for the industry, but with the investments we make, we are truly becoming a financial services company. So with Bitmain, you're not just buying Ethereum shares, you're buying a company that's helping to drive the future of finance.
Tom Lee continues to share something extremely important . Not just about cryptocurrency, but also about stocks and investing in general. For anyone with money in the market, patience is key. Real profits take time to manifest. The short-term perspective is always volatile and emotional, but as you move further away, prices are constantly rising.
This is why panic selling is a mistake. Instead, focus on dollar cost averaging, maintaining investments, and continuous learning. The more you understand how markets, Bitcoin, Ethereum, and cryptocurrency work, the stronger your conviction becomes. Being informed helps you stay calm, confident, and prepared for market developments.
If this helped, don't forget to like the video and subscribe to the channel for more updates. Have you ever wanted to learn about Bitcoin before? Now is your with this simple Bitcoin e-book for teens. Link in the description.
Comments 0