Fundstrat founder Tom Lee told investors at a Paris conference Tuesday that Ethereum (CRYPTO: ETH) mirrors Amazon (NASDAQ:AMZN) when its stock sat at $6, predicting ETH reaches $22,000 next bull cycle.
Five Macro Tailwinds Point To Crypto Spring Right Now
Lee laid out five reasons he believes crypto spring has already arrived. An Iran war ceasefire would collapse oil prices, potentially to $40, removing the biggest inflation driver keeping central banks hawkish.
Ethereum has its highest ever inverse correlation to oil, meaning lower oil directly supports ETH price.
Beyond oil, Lee pointed to four more tailwinds: the CLARITY Act advancing through Congress, a pro-crypto White House, new Fed Chair Kevin Warsh’s publicly stated support for Bitcoin (CRYPTO: BTC), and a structurally bullish stock market driven by millennial …
