Fundstrat founder Tom Lee attributes Ethereum’s persistent price weakness to investor impatience rather than deteriorating fundamentals. He says traditional asset tokenization is advancing and that a tokenization supercycle could begin in 2026, primarily on Ethereum. Lee also argues that artificial intelligence is not necessarily absorbing all available capital and that Vitalik Buterin’s declaration that ETH is a store of value and money represents a major turning point. At the time of the article, ETH traded near $2,100 after falling 16% in one month and 42% over one year. Despite this, Bitmine, where Lee serves as chairman, bought another 9,587 ETH and held more than 6 million tokens, nearly 5% of the total supply, including 5.2 million staked tokens.
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