Tom Lee: Ethereum has become the second-best performing asset since the Middle East conflict, only behind leading safe-haven assets.

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ME News update: On April 6 (UTC+8), Tom Lee, co-founder of Fundstrat, said that since the escalation of the Middle East conflict, Ethereum has become the second-best performing asset, while Bitcoin ranks third, and both have significantly outperformed the stock market overall. He pointed out that current war spending is about $30 billion per month and could rise to a scale of $100 billion in the future; by comparison, the impact of rising energy prices on consumers is relatively limited—every $10 increase in oil prices corresponds to only about $4 billion to $5 billion per month in consumer pressure. Tom Lee believes that amid high fiscal spending and energy volatility, the allocation value of crypto assets as “liquidity and risk assets” is increasing. (Source: ChainCatcher)

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