Crypto Market About To Enter Altcoin Season, Says Fundstrat’s Tom Lee – Here’s When
Fundstrat’s Tom Lee says that digital assets are likely approaching the time when smaller altcoins begin to outshine the larger-cap cryptocurrencies. In a new interview on the Wealthion podcast with SkyBridge Capital founder Anthony Scaramucci, Lee says his firm has already begun recommending Ethereum (ETH) and Solana (SOL) to clients as a way to move out of the risk curve from Bitcoin (BTC). Lee, head of research at Fundstrat, says that investors holding altcoins may have some “alpha” as the market cycle develops. “The answer is yes. We’ve recommended to our clients that if they didn’t want to be Bitcoin-only, that they could look at Bitcoin, Ethereum and Solana because we’ve put those largely in the same category as sort of core cryptos. We are also entering what I think is altseason. Next year is really when I think the crypto market could broaden and this is where those who are really experts on crypto… actually...