Ethereum climbs to No. 2 ‘wartime’ asset, Tom Lee says

cryptonews04-07

Tom Lee says Ethereum has become the No. 2 “wartime” asset, outpacing Bitcoin and stocks as war spending surges and crypto gains appeal as a liquidity and risk trade. Summary Fundstrat’s Tom Lee ...

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Lee, a longtime Ether bull who chairs Bitmine Immersion Technologie","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BTF":"比特币&以太币期货ETF-CoinShares","BTC":"Grayscale Bitcoin Mini Trust","BITX":"2倍比特币期货ETF-Volatility Shares","BK4588":"碎股","BK1611":"加密货币现货ETF","DBC":"商品指数ETF-PowerShares DB","DAPP":"VanEck Digital Transformation ETF","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","DIME":"CoinShares Altcoins ETF","ETHI":"Defiance Leveraged Long Income Ethereum ETF","ETU":"T-Rex 2X Long Ether Daily Target ETF","ETCO":"Grayscale Ethereum Covered Call ETF","SETH":"1倍做空以太币期货ETF-Proshares","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","BITO":"比特币期货ETF-ProShares","BK4585":"ETF&股票定投概念","YETH":"Roundhill Ether Covered Call Strategy ETF","ETHW":"以太坊ETF-Bitwise","ETH":"低成本以太坊ETF-Grayscale"},"translate_title":"Tom Lee表示，以太币攀升至第二大“战时”资产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"DIME":0.85,"DAPP":0.85,"BITO":0.6,"SETH":0.6,"ETCO":0.6,"BTF":0.6,"ETHW":0.6,"ETHI":0.6,"ETQ":0.6,"ETH":0.6,"DBC":0.85,"YETH":0.6,"BITX":0.6,"BTC":0.6,"ETU":0.6},"content_text":"Tom Lee says Ethereum has become the No. 2 “wartime” asset, outpacing Bitcoin and stocks as war spending surges and crypto gains appeal as a liquidity and risk trade.\n\n\nSummary\n\n\n\nFundstrat’s Tom Lee says Ethereum is now the second best-performing asset since the Middle East conflict began, ahead of Bitcoin and stocks.\nLee estimates war spending at $30b per month, rising potentially to $100b, while $10 moves in oil add only $4b–$5b in monthly consumer pressure.\nHe argues this backdrop makes crypto more attractive as “liquidity and risk assets,” boosting allocation demand for Ethereum and Bitcoin.\n\n\n\nSince the latest Middle East conflict escalated, Ethereum has become the second best‑performing major asset globally, trailing only top safe‑haven trades and beating both Bitcoin and equities, according to Fundstrat co‑founder Tom Lee. In a recent post shared by the TomLeeTracker X account, Lee said that while “crypto has been outperforming since the war started,” Ether has led the pack, with Bitcoin ranking third and both digital assets “significantly” outpacing the stock market.\nLee quantified the current war impulse at roughly $30 billion per month in additional government outlays and warned that this figure “could rise to a scale of $100 billion” if the conflict broadens, effectively turning defense budgets into a persistent fiscal shock. \n\nTOM LEE: ETHEREUM IS THE 2ND BEST ASSET SINCE THE WAR STARTEDHe also says:– War spending: $30B/month, heading to $100B– Every $10 in gas = only $4-5B/month consumer hit– Bitcoin #3 … both beating equities outright pic.twitter.com/jqxllAH0RS— Tom Lee Tracker (Not actually Tom) (@TomLeeTracker) April 6, 2026\n\nBy contrast, he argued that the drag from higher oil is smaller than many investors assume, saying each $10 increase in crude prices adds only about $4 billion to $5 billion per month in pressure on US consumers. That arithmetic, Lee contends, means the net macro effect still leans toward stimulus rather than contraction, even with oil near $100 per barrel.\nEthereum’s outperformance in wartime\nFundstrat’s March research, cited by Lee and first reported by DL News and Yahoo Finance, shows Ethereum up roughly 17% on a relative basis versus the S&P 500 since the US‑Israeli conflict with Iran began in late February, beating Bitcoin, gold, real estate, MSCI World Energy and the “Magnificent 7” tech stocks. “As a wartime store of value, crypto looks a lot stronger,” Lee said, adding that “crypto has been outperforming since the war started while gold has actually underperformed,” a view echoed in his call to “ditch gold, buy crypto” during the conflict.\nEthereum’s performance is also underpinned by structural factors, including a market cap near $230 billion, growing institutional positioning and a staking rate approaching 30% of total supply that tightens available float. Lee, a long‑time Ether bull who chairs Bitmine Immersion Technologies, has maintained a long‑term price target of $250,000 for ETH and recently backed that stance with action, as Bitmine disclosed another $133 million purchase that lifted its Ethereum holdings above $9 billion.\nCrypto as “liquidity and risk assets”\nAgainst this backdrop of elevated fiscal spending and volatile energy prices, Lee says the allocation value of crypto as both “liquidity and risk assets” is rising. He argues that defense outlays and still‑accommodative financial conditions create a powerful liquidity environment in which high‑beta assets such as Ethereum and Bitcoin can benefit disproportionately, even as headlines are dominated by war and oil shocks. In earlier research notes covered by outlets like MarketWatch and other financial media, Lee has emphasized that “stock markets bottom in the early stages of military conflict,” suggesting the recent outperformance of Ether and Bitcoin could be an early signal of how capital will be repriced if the conflict and spending surge persist.\n\n\n\n\n\n                Read more:\n            \n\n                DOT ROI hits a ceiling, but this next 100x crypto presale could lead the 2026 bull run","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2625608631","isCrawlerRequest":true}