Fundstrat co-founder Tom Lee predicts the current crypto bull market could exceed previous cycles, citing tokenization, AI integration, and a favorable policy environment as key new drivers. Unlike past rallies fueled primarily by ICOs, NFTs, or meme coins, this cycle benefits from structural technological advancements alongside improved regulatory conditions. Lee notes that crypto-related stocks have already led gains in the third quarter, signaling the bull market has begun. Following years of consolidation, he expects a clearer market breakout with upside potential surpassing historical precedents.