Tom Lee, Chairman of Bitmine and founder of Fundstrat, noted that Ethereum outperformed the S&P 500 by 6,832 basis points in Q3, despite macroeconomic tightening, high bond yields, and Federal Reserve policies. He believes factors such as tokenization, wealth transfer, digital asset reserves absorbing crypto supply, and the correlation between crypto and AI could drive the next market cycle. Lee stated, "We believe this has the potential to be the biggest crypto bull market ever."