Bitcoin is being redefined as digital infrastructure, not just a volatile asset, with institutions viewing it akin to real estate. Fundstrat’s Tom Lee compares owning Bitcoin to owning land under a McDonald’s franchise, highlighting its potential as a foundational asset for corporations. This shift signals a structural rethinking of how companies manage their treasuries. Lee predicts Bitcoin may follow the path of telecom towers, growing into infrastructure with compounding network value, supported by institutional confidence in long-term crypto plays. With equity markets and digital assets remaining bullish, Lee sees potential for a market rally benefiting both sectors. Lee’s newly emerging ETH-focused company, Bitmine, holds nearly $3 billion in Ether, making it the largest ETH treasury globally and the third-largest in crypto overall. Legendary investor Bill Miller’s investment in Bitmine further shows institutional confidence in long-term crypto plays. Lee suggests that weakening labor data and cooling inflation could prompt a dovish pivot by the Fed this fall, igniting a broader market rally.

Read more at Yahoo Finance: Owning Bitcoin Is Like Owning Land Under A McDonald’s