Bitcoin bull market confirmed above $76,000, Tom Lee says

Fundstrat's Tom Lee believes the crypto bear market has concluded, citing Bitcoin's potential to close May above $76,000 as a confirmation of a new bull cycle. He highlighted tokenization and AI-driven finance as key drivers for this upcoming phase, suggesting that crypto-native firms could soon rival traditional banks. Lee pointed to Bitcoin's consistent monthly gains and positive technical signals as indicators of a market shift. The increasing adoption of stablecoins and the migration of assets onto blockchains are seen as foundational elements for this new era of finance, potentially leading to significant disruption of legacy financial institutions.