Foreign media reports that BitMine, the chairman of Tom Lee, believes that there is still room for continuation in the upward trend of the current crypto market. The reason lies not only in price momentum but also in the simultaneous formation of multiple demand factors. Unlike previous market trends that were often driven by a single narrative, he believes that behind this cycle are the entry of financial institutions, the expanded use of stablecoins, the advancement of asset tokenization, and the new payment demands brought about by AI applications.

Tokenization and stablecoins bring in new funds

Lee indicates that traditional financial companies are exploring the possibility of trading and transferring assets such as stocks on digital networks, which could attract a new group of users who were not previously directly involved in crypto transactions. He believes that enterprises will only truly deploy relevant systems when blockchain technology can significantly reduce costs, improve efficiency, or generate new sources of revenue.

In his view, the role of stablecoins is not merely as a medium of encrypted transactions; they are also likely to become digital tools for enterprises to transfer funds and complete settlements. If this use continues to expand, the demand for on-chain payments and settlements will also increase accordingly.

AI Payment scenarios or expanding on-chain usage

Lee also mentioned that artificial intelligence could become another factor driving demand growth in the next phase. He believes that in the future, AI agents may purchase services on their own, complete payments, or directly transfer stablecoins without the need for manual processing of each transaction.

If such scenarios are gradually implemented, what the market needs is an infrastructure that can handle payments and settlements around the clock. In this way, the users of encrypted networks may no longer be limited to traders, but will extend to more application scenarios that rely on automated payments.

Ethereum and the Federal Reserve are two lines of observation

Regarding specific assets, Lee specifically mentioned his optimism about Ethereum. He stated that financial institutions pay attention to Ethereum mainly because its network is more mature, and it offers higher security as well as a wider range of applications, making it suitable for hosting tokenized assets and financial applications.

In addition to internal industry factors, Lee also considers Federal Reserve policy to be an important external condition supporting market trends. He stated that the market has continued to rise after recent interest rate hikes, indicating that investors may have already adapted to a tighter policy environment. If inflation continues to decline, improved financial conditions could continue to be beneficial for assets such as Bitcoin and Ethereum.