BlockBeats message, April 6, Fundstrat co-founder Tom Lee said that since the escalation of the conflict in the Middle East, Ethereum has become the second-best performing asset, with Bitcoin ranking third, and both have significantly outperformed the stock market overall.
He noted that current war spending is about $30 billion per month and could rise to a scale of $100 billion in the future; by comparison, the impact of rising energy prices on consumers is relatively limited—when oil prices rise by $10, it corresponds to only about $4 billion to $5 billion per month in consumer pressure.
Tom Lee believes that amid high fiscal spending and energy volatility, the allocation value of crypto assets as “liquidity and risk assets” is increasing.
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