Fundstrat Global Advisors research head Tom Lee believes the crypto market will be "really bullish" over the next 12 months. He attributes this outlook to the market having already endured significant pain, including a $19 billion liquidation event last October triggered by China tariff threats, and the upcoming bottom of crypto's four-year cycle. Lee also highlights the long-term potential of tokenization, estimating a $20 trillion market opportunity from moving $100 trillion in assets onto blockchains. His company, BitMine Immersion Technologies, holds 5.93 million ether and is reportedly $5 billion underwater. Bitcoin is currently trading near $77,315, while Ether has risen 3.2% in 24 hours to about $2,533.