Tom Lee: ETH to HIT $9k by January (The Tokenization "Super Cycle" Begins)

In this episode of Wealthion, Chris Perkins interviews Tom Lee, founder of Fundstrat and chairman of Bitmine, about the transformative potential of tokenization and its impact on financial markets. Lee draws parallels between the current evolution and the U.S. dollar leaving the gold standard in 1971, emphasizing the role of stablecoins and Ethereum in creating a native digital financial system. They discuss the current market disconnect with Ethereum's potential, attributing it to engineered liquidation and investor perceptions, while also highlighting the increasing institutional interest and the importance of DATs (Digital Asset Trusts) like Bitmine in bridging the gap between traditional finance and the crypto world. Lee shares insights into Bitmine's strategies, including their investment in WorldCoin and the introduction of a dividend, and addresses the challenges faced by DATs with MNAVs below one, suggesting potential solutions like consolidation or conversion to ETFs. The conversation also touches on the macro environment, the Fed's actions, and their potential impact on crypto markets, with Lee expressing optimism about Ethereum's future and a potential price target of $7,000 to $9,000 by the end of January.