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

Fundstrat co-founder Tom Lee stated that since the escalation of the conflict in the Middle East, Ethereum has become the second-best performing asset, with btc-42">Bitcoin ranking third, and both have significantly outperformed the stock market.

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; in contrast, the impact of rising energy prices on consumers is relatively limited—each $10 increase in oil prices corresponds to about $4 billion to $5 billion per month in consumer pressure.

Tom Lee believes that against the backdrop of high fiscal spending and energy volatility, the allocation value of crypto assets as "liquidity and risk assets" is rising.