Tom Lee: "Ethereum Has No Value" Narrative Is a Bear Market Trap

Tom Lee said the narrative that "Ethereum has no value" is a bear market trap, comparing it to the earlier argument that people liked blockchains but not crypto itself.
Some investors say they like Ethereum but aren't sure ETH itself has value, which Lee said is similar to believing in blockchains while dismissing Bitcoin or crypto broadly. He argued the narrative disappears once the crypto bull market starts and Ethereum begins moving higher.