Tom Lee predicts bull market will begin in 2027

Tom Lee, chairman of Fundstrat and Bitmine (BMNR), has predicted that the next bull market will begin in 2027. He characterized the correction phase that began last October as akin to a mini crypto winter, adding that this year will be a period of price recovery. Lee also stated that 2024 will be the year blockchain establishes itself as a settlement layer for Wall Street, driven by the proliferation of stablecoins and tokenization, with Ethereum (ETH) expected to be the primary beneficiary. Furthermore, he asserted that Bitmine is set to become the largest staker in the cryptocurrency ecosystem, with projected annual staking revenues of approximately $374 million.