Fundstrat’s Tom Lee discusses the potential for smaller altcoins to outperform larger-cap cryptocurrencies in the near future.
During a recent interview on the Wealthion podcast with SkyBridge Capital founder Anthony Scaramucci, Lee revealed that his firm has started recommending Ethereum (ETH) and Solana (SOL) to clients as a way to diversify away from Bitcoin (BTC) and into higher-risk assets.
Lee, who serves as the head of research at Fundstrat, believes that investors holding altcoins may see increased returns as the market cycle progresses.
“We have advised our clients to consider Bitcoin, Ethereum, and Solana as core cryptos if they are looking to expand beyond Bitcoin. We believe that as we enter altseason next year, experts in the crypto space will have the opportunity to generate alpha as many altcoins perform well. A stronger Bitcoin ecosystem can also benefit utility tokens and tokenized assets.”
Lee also predicted a potential 150% increase in Bitcoin’s price in the coming months.
“I believe that Bitcoin could surpass $250,000 in the next twelve months, following the current price cycle. The new administration’s positive stance on Bitcoin and the potential for the US government to adopt it as a strategic reserve asset could further boost Bitcoin’s value.”
At the time of writing, Bitcoin is trading at $97,521.
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