Bankless Tom Lee & Arthur Hayes: How Crypto Flips Wall Street
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Oct 13, 2025 
Tom Lee, founder of Fundstrat, and Arthur Hayes, former CEO of BitMEX, dive into how crypto is reshaping Wall Street. They discuss Bitcoin's soaring price and Ethereum's resurgence fueled by institutional investment. Tom shares bold price targets, projecting BTC could hit $200–250k and ETH $10–12k. Arthur critiques leveraged ETFs while advocating for perpetual swaps, and they both underscore the transformative role banks could play as on-chain tech firms. The duo also explores the implications of Tether's rise as a potential game changer in the banking landscape.
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Bitcoin Confirms Q4 Strength
- Bitcoin reaching all-time highs signals Q4 strength amid Fed easing and seasonal tailwinds.
- Tom Lee sees room for upside into year-end as price discovery continues.
BitMine's Fast Institutional Lift
- Tom Lee describes BitMine's rapid accumulation and heavy trading interest since its July close.
- He credits institutional support and wide retail interest for high volume and fast ETH build-up.
Why Ethereum Gained Momentum In 2025
- Four factors boosted Ethereum in 2025: a friendlier U.S. administration, stablecoin adoption, protocol pivots toward markets and BitMine's narrative role.
- These combined to rekindle institutional interest in ETH.