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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Tom Lee Says Ethereum Set For Breakout As Stablecoins Become 'ChatGPT Moment' For Wall Street And Crypto

Tom Lee Ethereum Crypto Fundstrat Cryptocurrency US Federal Reserve
Eth,Coin,With,Blurred,Candlestick,Chart,In,The,Background.,Ethereum

Fundstrat Global Advisors co-founder Tom Lee said on Tuesday that Ethereum (CRYPTP: ETH) is positioned for a significant breakout as stablecoins create a transformative “ChatGPT moment” for Wall Street and cryptocurrency convergence.

What Happened: Writing on X, Lee noted that Ethereum has gained 22% in the past month despite being down 9% year-to-date. He cited rising demand from stablecoins and Wall Street’s tokenization of real-world assets as key drivers for the world’s second-largest cryptocurrency.

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