Wall Street's Crypto Rush: Institutions Quietly Loading Up

Key Insights from Tom Lee's Statement:

1. Institutional Acceleration

Wall Street is quietly but rapidly increasing its crypto market presence

Institutional continuous buying of BTC and ETH is driving current price increases

2. Ethereum's Advantage

ETH has become the preferred network for institutional asset tokenization

Key factors: technological stability and legal clarity

Bitmine currently holds 625,000 ETH (~$2.8B) and aims for 5% of total ETH supply

3. Market Outlook

Current market is "mid-cycle," not at peak

If Fed cuts interest rates soon:

BTC prediction: $250,000 (currently ~$113,700)

ETH prediction: $15,000 (currently ~$3,500

Recent Price Action (Last 24hrs):

BTC: Ranging between $113,200-$115,700 with decreasing volume

ETH: Consolidating around $3,500 after earlier volatility#BTC #dailyearnings $BTC $ETH