Tom Lee: This round may be the largest crypto bull market in history, and the four-year cycle has bottomed out

At the TOKEN 2049 Summit in Singapore, BitMine Chairman Tom Lee delivered a speech pointing out that the crypto market has entered a "comprehensive bull market" stage. He proposed that if we need to define the beginning of the current bull market, the time node should be traced back to August this year. Based on a four-year cycle perspective, Tom Lee believes that the market bottom has emerged and this round of market may create "the largest crypto bull market in history." He further analyzed that compared with previous cycles, this round of bull market presents four new driving factors: institution-led asset tokenization process, intergenerational wealth inheritance in the next decade, digital asset treasury company (DAT)'s continued absorption of encryption supply, and the expansion of AI and encryption technology integration application scenarios such as AI Agent payments. Tom Lee emphasized that the migration of traditional financial assets to the blockchain space will constitute a key source of incremental funding.