Tom Lee of Fundstrat Global Advisors believes stronger ISM manufacturing data could spark a new supercycle for Bitcoin and Ethereum. In his recent CNBC appearance, he noted that when the ISM index rises above 50, it has often led to major gains in these cryptos in the past. Combined with easing monetary policy and the rise of tokenization, this might override the usual four-year cycle driven by halvings.

Lee predicts new all-time highs for both by early 2026, with Ethereum potentially leading the way as it handles more real-world assets and stablecoins. Despite ongoing volatility, he sees this as a fundamental shift signaling lasting upside for those who hold through the swings.