IN HONOR OF CALIFORNIA’S 175TH ANNIVERSARY, WE WILL BE ROLLING OUT A VERY SPECIAL DRIVER’S LICENSE FOR EVERY CALIFORNIAN THIS SUMMER! IT WILL FEATURE A HANDSOME, HIGH-QUALITY PHOTO OF ME, GAVIN C. NEWSOM. MANY PEOPLE ARE SAYING IT’S THE BEST LICENSE EVER MADE IN THE HISTORY OF THE WORLD. THIS IS ABOUT CELEBRATING OUR BEAUTIFUL STATE (IT IS NOT ABOUT ME, DESPITE THE VERY HANDSOME PHOTO!). ENJOY! — GOVERNOR GCN
BREAKING:
🇺🇸 $4 trillion JP Morgan launches the first tokenized money market fund on Ethereum.
$ETH at sub-$3K is one of the most undervalued assets right now.
If you are scared, read this.
In the first few days of November 2024, Bitcoin dumped from $71k to $66k, and everyone said the market was done, but then $BTC pumped 60% from $66k to $108k in just 45 days.
From Nov 4th 2024 to Dec 15th 2024, ETH pumped 75%, and the altcoin market cap jumped 138%, sending many alts 5x-10x in less than 2 months.
So this tells you the market only needs 45 days to give explosive parabolic returns.
Today we are at the same spot, Nov just started and we are dumping.
But all the data is positive
Fed will cut rates in December
QT ending Dec 1
QE is here ( Fed buying treasury bills )
Crypto market bill close to buying
US-China trade deal signed
Gold topped
U.S. stocks hitting new highs
So I’m not fcking leaving, I’m still bullish.
Crypto prices are being manipulated and suppressed. I don’t buy the idea that all the data is good, everything in the world is pumping with liquidity but crypto is done.
So I’m holding and waiting patiently. Definitely not easy, but we all knew the risks before we started investing into internet money.
After years of complaining about cancel culture, the current administration has taken it to a new and dangerous level by routinely threatening regulatory action against media companies unless they muzzle or fire reporters and commentators it doesn’t like. https://t.co/uts7JpJZzN
> This man is Tom Lee
> Born 1968, U.S. to immigrant parents
> Study economics at Wharton, University of Pennsylvania
> Start career on Wall Street, 1990s
Chief Equity Strategist at J.P. Morgan, 2007
> Oversaw $2T in client assets during tenure
> Co-found Fundstrat Global Advisors, 2014
> Independent research firm serving 200+ institutional clients
> Early advocate of Bitcoin, public since 2013
> Famous BTC $25K call in 2018
> Predicted crypto would become $10T asset class
> Recognized Ethereum as backbone for smart contracts and defi
> Called “Godfather of Ethereum” by crypto community
> Frequent guest on CNBC and Bloomberg, 300+ appearances
> Fundstrat reports reach hedge funds, banks, and family offices worldwide
> Predicted ETH market cap > $1T in defi era
> Consistently ranked among top Wall Street strategists by Institutional Investor
> At 56, still shaping "trillion dollar" narratives that move both Wall Street and Crypto Valley
Tom Lee made his market open debut today on the show and we discussed a variety of topics including Ethereum & Bitmine:
- Why $ETH could be the biggest macro trade of the next decade
- How $BMNR is growing the NAV & ETH per share at an accelerated pace
- Ethereum end of year targets
Thank you to Tom @fundstrat for taking the time to join the show, we all deeply appreciated it!