Ethereum has become the second-best performing asset since the escalation of the Middle East conflict, according to Tom Lee, co-founder of Fundstrat. Bitcoin ranks third, with both cryptocurrencies significantly outperforming the stock market. Lee highlighted that current war expenditures are around $30 billion monthly, potentially rising to $100 billion, while the impact of rising energy prices on consumers remains limited. Lee emphasized that in the context of high fiscal spending and energy volatility, the allocation value of cryptocurrencies as liquidity and risk assets is increasing. This trend underscores the growing appeal of digital assets in uncertain economic conditions.