Tom Lee: Bitmine stock price still outperformed ETH in the bear market; tokenization, wealth transfer, and AI will drive the largest crypto bull market in history

BlockBeats news, October 12: Bitmine Chairman Tom Lee stated that he believes the next crypto bull market is poised to be the largest in history, driven primarily by asset tokenization, generational wealth transfer, digital asset treasury companies continuously absorbing market supply, and the crypto industry benefiting from AI development as a downstream sector of the AI supply chain.

Lee believes that the ongoing wealth transfer will bring more capital into the crypto market. As the cohort inheriting wealth is relatively young, their risk appetite for crypto assets and equities may be higher, and this trend's impact in the current cycle could surpass that of the 2019–2021 bull market.

He also noted that despite the crypto market being in a bearish phase in 2025–2026, Bitmine's stock price has still outperformed ETH. With changes in the macroeconomic environment and the crypto market entering a new cycle, he believes the company is well-positioned for a potential bull market.