Tom Lee says the crypto market is recovering as regions outside the U.S. are actively embracing it
Tom Lee states that overseas adoption is driving the crypto recovery.
He believes the crypto market is recovering because regions outside the U.S. are actively embracing it.
He links the recovery logic to the adoption by governments, banks, and stablecoins, asserting that acceptance is rising overseas and among institutions.
The buying pressure mainly comes from funds viewing crypto as long-term infrastructure, while selling pressure comes from short-term players still treating it as a speculative asset.
This indicates that the pricing anchor for crypto is shifting from U.S. regulatory sentiment to global adoption and on-chain financial use cases.
Source: Public Information
ABAB AI Insight
Tom Lee has historically viewed crypto as an "institutional asset" rather than a sentiment-driven trading product. In 2025, he publicly stated that banks are entering crypto, as ETFs and stablecoin businesses have turned crypto into a profitable financial infrastructure; by 2026, he defined Ethereum as the core vehicle for "Wall Street on-chain".
On the capital path, he emphasizes not price rebounds, but the diffusion of adoption. Once a closed loop is formed around stablecoins, tokenization, bank access, and institutional custody, funds will shift from trading to holding, with the most obvious beneficiaries being networks with the highest liquidity and strongest settlement layer attributes.
Historically, this narrative resembles early internet infrastructure: first questioned for speculation, then forming actual use cases on the enterprise and consumer side, and finally shifting the valuation anchor from "is anyone buying" to "is anyone using". Tom Lee consistently bets on this process, rather than on single market movements.
Essentially, this is a reconstruction of the industrial chain. As overseas acceptance rises and banks and merchants begin to treat crypto as a payment and settlement tool, the price drivers for crypto assets will no longer be just sentiment, but the penetration rate of global infrastructure.
ABAB News · Law of Cognition
Price is merely a result after an asset is accepted.
The strongest rebound is not a warming of sentiment, but an expansion of use.
Once the value anchor globalizes, a single market no longer determines fate.