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🔥Tom Lee: Ethereum has become the second-best performing asset since the Middle East conflict, only behind leading safe-haven assets.
Fundstrat co-founder Tom Lee stated that since the escalation of the Middle East conflict, Ethereum has ranked second in performance, with Bitcoin in third place. Both have significantly outperformed the stock market overall. He pointed out that current war expenditures are approximately $30 billion per month and could rise to $100 billion in the future; in comparison, the impact of rising energy prices on consumers is relatively limited—every $10 increase in oil prices corresponds to about $4 billion to $5 billion in monthly consumer spending pressure. Tom Lee believes that amid high fiscal spending and energy volatility, the allocation value of cryptocurrencies as "liquidity and risk assets" is on the rise.
#eth #btc