[Cartoon] “The crypto spring has begun"

[Cartoon] “The crypto spring has begun"

Tom Lee, Chairman of Bitmain (BMNR), diagnosed that the cryptocurrency market has entered the early stages of a new upward cycle. Regarding the CLARITY Act compromise recently unveiled by the Senate, he stated, "It generally contains acceptable content, prohibiting interest payments on reserves but allowing activity-based rewards. The probability of its passage by 2026, according to Polymarket, has exceeded 60%, reaching a high in over a month." He added, "Although investor sentiment is still weak, price trends are turning bullish, similar to the early stages of past cycles. Regardless of whether the CLARITY Act passes, the current market trend supports the arrival of 'crypto spring'." Regarding Ethereum (ETH), he explained, "Both Wall Street's tokenization trend and the demand for agentic artificial intelligence (AI)-related blockchain are acting as positive factors for Ethereum. Since the start of the Iran war, it has outperformed the S&P500 by over 1380bp, ranking among the world's best-performing asset classes alongside crude oil, and has established itself as a store of value and a medium of exchange."

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