BitMine Chair Tom Lee Says Crypto Market Entered Full Bull Run in August
BitMine Chairman Tom Lee said at TOKEN2049 in Singapore that the crypto market has entered a full bull run and that August may mark the start of the current cycle. He added that, based on the four-year cycle, the market bottom has already formed and this cycle could become the largest crypto bull market ever.According to Foresight News, Tom Lee said the rally is being driven by four new factors compared with previous cycles: institution-led asset tokenization, a decade-long generational wealth transfer, continued absorption of crypto supply by digital asset treasury companies, and the development of AI and crypto use cases such as AI agent payments. He said the migration of traditional financial assets onchain will be an important source of new capital, and that AI agents are more likely to use crypto wallets for payments and settlement in the future.