Lee On BTC and ETH

Speaking on CNBC, Lee pushed back against claims crypto’s thesis is broken after recent weakness relative to AI and software stocks.

The comments came after questions about investor frustration and reports of crypto holders “rage quitting” positions.

“If someone asks me is the thesis for Bitcoin or Ethereum broken? It’s absolutely not,” Lee said.

Lee argued crypto infrastructure becomes increasingly important as AI agents automate commerce, tokenization expands, decentralized identity systems grow and Wall Street moves toward blockchain settlement systems.

He also sees Bitcoin and Ethereum benefiting from network effects tied to wallet growth and blockchain activity.

BTC To… Read more on Benzinga