Tom Lee Just Said The UNTHINKABLE About Bitcoin & Ethereum! [2026 Realistic Prediction]

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How can something be a bubble when nobody owns it?

The biggest money managers on Wall Street—firms controlling hundreds of billions of dollars—currently have exactly zero exposure to crypto. Not 1%. Not half a percent. Zero.

And yet, everyone keeps calling this a top.

In this video, we break down a recent panel discussion featuring Fundstrat's Tom Lee and Pantera Capital's Dan Morehead—two of the sharpest macro minds in the industry—explaining why the data tells a completely different story than the headlines.

Tom Lee presents evidence that the four-year cycle framework is missing something critical: the business cycle. The ISM Manufacturing Index has been below 50 for 26 consecutive months—the longest streak of contraction in over 100 years of data. And historically, no Bitcoin cycle has ever peaked without the ISM peaking first.

Meanwhile, Dan Morehead reveals what he found when he sat on a panel with heads of major alternative asset managers. The median institutional allocation to crypto? Literally 0.0%.

We also explore why Tether—with just 300 employees—is now more profitable than Goldman Sachs, and why Dan believes a global nation-state arms race for Bitcoin could begin within the next two to three years.

This isn't about price predictions. It's about understanding where we actually are in the cycle—and why the biggest buyers haven't even arrived yet.

#Bitcoin #Crypto #Investing

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