#数字资产市场动态 **Policy window opens, are crypto assets set for re-pricing?**

Industry analyst Tom Lee recently shared an interesting perspective: under the backdrop of policy support, Bitcoin is expected to break through its all-time high, while Ethereum may outperform the overall market. The logic behind this judgment is worth dissecting.

**Where are the opportunities for market differentiation?**

When traditional finance faces pressure—such as financial stocks under stress—crypto assets may actually benefit from improved regulatory environments. This is not wishful thinking but a certainty premium brought about by clearer policies. In other words, under the dual influence of a strong macro seasonal trend and clearer crypto regulations, the logic of market oversold recovery still holds.

**How to consider allocation?**

If this judgment materializes, investors can think like this when building a crypto asset portfolio: based on Bitcoin as the core holding, moderately increase the weight of Ethereum and ecosystem assets to capture potential excess returns. But here’s a premise—you need to continuously track policy implementation progress, interest rate changes, market liquidity, and other actual data.

**Risks are always in front**

Tom Lee’s view is a professional forecast based on current information, but the volatility of the crypto market itself is intense. Policy progress carries uncertainty, macro environments are changing, and short-term correction risks should not be ignored. Any investment decision should be made after fully weighing these factors, rather than relying solely on one opinion.

**Key takeaway**

Tom Lee has maintained an optimistic attitude towards the crypto market for a long time, and this view can serve as a reference from an institutional investor’s perspective. But the market’s ultimate direction is still determined by multiple factors such as policies, macro data, and liquidity. Monitoring these variables in real-time and adjusting strategies dynamically is the correct approach to navigating the market.