MarketPR
Tom Lee's call that crypto will be "really bullish" for the next 12 months (BTC near $77,315) lands alongside a disclosure the tape will not ignore: Lee chairs BitMine Immersion Technologies, which holds 5.93 million ether, and BeInCrypto reported this month the position sits roughly $5 billion underwater.
Lee also runs research at Fundstrat Global Advisors. The next concrete event for the thesis is Tuesday, when Washington votes on whether to bring the CLARITY Act to debate.
Lee told Wealthion his first argument is that the damage is already settled.
On October 10 last year, a threat of 100% tariffs on China triggered what he describes as the largest leveraged liquidation in crypto history, erasing more than $19 billion in borrowed positions in a single day.
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