Tom Lee & Arthur Hayes: How Crypto Flips Wall Street

In this episode of Bankless, Ryan is joined by Tom Lee and Arthur Hayes to discuss the current state of the crypto market, focusing on Bitcoin and Ethereum. They analyze Bitcoin's all-time high, the dynamics between Bitcoin and other tokens, and the increasing institutional interest in Ethereum, particularly through Bitmine's ETH holdings. The conversation explores the potential for ETH to be viewed as compute rather than just money, the impact of regulatory environments, and the role of crypto in traditional finance. They also touch on the emergence of financial entertainment platforms and prediction markets, and the potential for perpetual swaps in TradFi. Both Tom Lee and Arthur Hayes provide their year-end price predictions for Bitcoin and ETH, and share their aspirations for the crypto industry in 2026, including advancements in tokenized equities and betting markets.