"Crypto bull market just beginning"… Wall Street asset tokenization is the upward driver
Original headline"암호화폐 강세장 막 시작"…월가 자산 토큰화가 상승 동력
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Fundstrat founder and Bitmine CEO Tom Lee said the crypto bull market is only just beginning, arguing the roughly year-long downturn has ended and a new upcycle is underway, in a Nov. 7 interview with Altcoin Daily. Lee pointed to Wall Street's adoption of blockchain for payments and settlement, and the tokenization of assets beyond dollar-pegged stablecoins, as the main driver this cycle, replacing NFTs and stablecoins that powered past rallies. He argued broader tokenization could produce the largest upcycle on record. Watch for continued moves by major financial institutions into on-chain settlement and tokenized asset issuance as the next confirmation of the thesis.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Tom Lee, Fundstrat, Wall Street, Bitmine