Putting real-world assets onchain opens up new markets, increases capital 
velocity and democratizes access to finance, advocates say.

Tokenization will disrupt finance faster than digital disrupted media: Crypto exec

Coinbase Super App, Saylor $1B Buy, Circle Buys Interop, Stablecoin Rewards 
Fight, and more in this Week in Review. Week in Review Coinbase expanded into 
stocks, prediction markets, futures and tokenization as it vies to be the top 
financial‑services app, Saylor purchased nearly $1 billion of bitcoin only for 
the price to drop about 4%, […]

Coinbase Super App Bid, Saylor $1B Buy, and More — Week in Review

Bitcoin is a decentralized software protocol that has a collective action 
problem, unlike centralized companies, according to Jameson Lopp.

Migrating Bitcoin to post-quantum may ‘easily’ take 5-10 years: Crypto exec

According to reports, Fundstrat analysts are sending mixed signals about 
Bitcoin’s path in 2026. One line of work inside the firm sees a noticeable 
pullback early next year, while another predicts new highs arriving soon 
after. Related Reading: XRP ETFs Grow Past $60M As Price Struggles To Respond 
Sean Farrell, Fundstrat’s head of digital asset strategy, is reported to have 
told clients that a “base case” would see Bitcoin move down toward the 
$60,000–$65,000 range in the first half of 2026. The same internal material 
attributes fallbacks for other major tokens — ETH toward about $1.8K–$2K and 
SOL near $50–$75 — which were framed as potential buying opportunities should 
markets correct. Risk Models And Shorter Time Horizons Farrell’s note, which 
has circulated as screenshots on social media and among clients, stresses risk 
management and the possibility of a meaningful drawdown before any sustained 
rally. Fundstrat’s head of digital asset strategy, Sean Farrell, says $BTC to 
$60k as base case, 1H 2026. Fundstrat’s head, Tom Lee, says $BTC to ATH’s, 
even up to $200k, by end of Jan 2026. Is this normal for funds to contradict 
each other within? Honest question. pic.twitter.com/KETNygLEtu — Heisenberg 
(@Mr_Derivatives) December 20, 2025 The language in those client slides points 
to cautious positioning and to taking advantage of lower price levels if they 
arrive. Tom Lee’s Bullish Outlook Remains Publicly Strong By contrast, Tom Lee 
— Fundstrat’s co-founder and a longstanding voice on Bitcoin — has publicly 
said he expects new all-time highs in early 2026, with some media summaries 
quoting optimistic ranges as high as $200,000 by late January 2026. Well 
stated @ConvexDispatch 👌 https://t.co/8kWrgcl6ml — Thomas (Tom) Lee (not 
drummer) FSInsight.com (@fundstrat) December 20, 2025 He has emphasized macro 
drivers, institutional flows, and cycle dynamics as reasons for continued 
upside in the coming months. Different Roles, Different Time Frames Reports 
have disclosed that the two views reflect different analytical roles inside 
the firm: one focused on portfolio-level downside planning and the other on 
longer-term macro scenarios. Several clients and observers on X (formerly 
Twitter) have pushed back on the idea that these are contradictory; instead, 
they say the notes reflect distinct mandates and time frames. Market Reaction 
and What Investors Are Hearing Now Markets reacted to the story with a mix of 
skepticism and quick profit-taking. Some traders flagged how fast sentiment 
can change when internal notes leak, while others said the range of outcomes — 
from roughly $60,000 to $200,000 — only underlines how uncertain forecasts 
remain for 2026. Trading desks are reported to be treating the internal slides 
as one input among many, not as an official firm forecast. Related Reading: 
Banks Could Favor A Higher XRP Price, Finance Expert Says Public Takeaway 
According to the coverage, Fundstrat has not issued a unified, public forecast 
that collapses the two views into one number. Instead, clients and the market 
are being asked to weigh a downside scenario presented by the digital-assets 
team against a bullish macro scenario voiced by leadership. Featured image 
from Unsplash, chart from TradingView

Bitcoin Outlook Discord: Tom Lee Breaks Down Fundstrat’s Position

Bitcoin venture capitalist Nic Carter has reignited the debate over Bitcoin’s 
long-term security with a sweeping report on quantum computing risk, arguing 
that the real danger is not just cryptography, but how the Bitcoin community 
responds under pressure. Quantum Fear or Hard Truth? Nic Carter’s long-form 
thread on X lays out a sobering case: while […]

Cryptocurrency price in BMD