Tom Lee Announces Entry into Digital Asset Bull Market and Four Bullish Signals

Tom Lee, chairman of Bitmain's board, assessed that the digital asset market has entered a bull market. He forecasted that the influx of institutional investor funds in the fourth quarter will drive further upward momentum. At the 'Korea Blockchain Week' on the 30th, Lee stated that the digital asset market has been in a bull market since the end of June. The reasons for the bull market include: ▲ the movement of funds from AI-related stocks to virtual assets ▲ the tokenization of RWA and the strengthening of AI-based fundamentals ▲ the completion of the four-year halving cycle ▲ the creation of a favorable regulatory environment in major countries such as the United States. Ethereum recorded an excess performance of 6519 basis points compared to other macroeconomic assets during the third quarter of 2026, with prices rising over 60% since June 30 to reach $2,652. Bitmain recently purchased an additional $75 million worth of Ethereum, increasing its total holdings to approximately 5.98 million ETH. Tom Lee maintained his Bitcoin target price at $150,000, predicting that Ethereum could break $3,000 in the short term and rise to between $60,000 and $72,000 in the long term.

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