🏦 Institutions are starting to move: Tom Lee uses 250.0 million to explain why $ETH is the next Bitcoin

@fundstrat, the financial analyst who predicted in 2017 that Bitcoin would rise to $55,000.00 USD and was considered an outlier by the market at the time, is now turning his attention to Ethereum.

From an early bullish call on Bitcoin at $2,000.00 USD to now launching an asset allocation fund focused on $ETH (with an initial size of $250.0 million USD), Tom Lee is using capital and institutional-grade exposure to send a signal to mainstream asset managers: $ETH's role is changing; it's not just a crypto asset, but the underlying asset of a new financial system.

Looking back, the CNBC show host showed embarrassment and skepticism about his price predictions, but now that he's on the same platform saying "$ETH is the next Bitcoin," fund managers' attitudes toward him are very different, and they're starting to discuss asset allocation ratios internally.

Tom Lee's call that stablecoins are the ChatGPT moment for the crypto world directly anchors the value of $ETH to the potential demand growth of a global payment and clearing network.