Tom Lee, Fundstrat's Head of Research and BitMine Chairman, attributed the recent weakness in the crypto market to deleveraging, particularly following the "Greenland Statement" which caused fluctuations in JGB yields and led to crypto asset sell-offs. Despite these challenges, Lee maintains that Bitcoin's long-term fundamentals remain intact, with institutional adoption continuing to rise. He believes the $200,000 target for Bitcoin is achievable, though he currently favors Ethereum for its narrative in the smart blockchain sector. Lee also highlighted concerns about quantum computing potentially compromising old Bitcoin wallets.