Tom Lee Highlights Rising Crypto Non-Ownership Among Interns

Tom Lee of Bitmine has highlighted a Morgan Stanley survey showing increased non-ownership of cryptocurrencies among European finance interns, potentially indicating limited mainstream adoption despite rising market prices.

This suggests institutional skepticism persists, implying potential market growth, as broader adoption of major cryptocurrencies like BTC, ETH, and XRP may still accelerate.

Tom Lee, chairman of Bitmine, highlights a Morgan Stanley survey revealing an increase in crypto non-ownership among European interns, emphasizing adoption’s early stage.

Rising non-ownership rates indicate skepticism and potential growth, with long-term implications for the cryptocurrency market’s adoption pace.

82% of Morgan Stanley Interns Lack Crypto Ownership

A Morgan Stanley survey found that crypto non-ownership among European interns increased from 69% in 2024 to 82% in 2025. Chairman of Bitmine, Tom Lee, commented on this trend, suggesting it indicates early-stage adoption. The survey emphasizes a sharp rise in skepticism.

“The sharp increase in crypto non-ownership rates among younger finance professionals signals that while prices rally, skepticism remains prominent, indicating we are still in the early adoption phase.” – Tom Lee, Chairman, Bitmine

Bitmine aims to acquire 5% of the global Ethereum supply, already exceeding $7 billion ETH holdings.

Crypto Ownership Decline Could Signal Future Growth

The survey results have emphasized ongoing skepticism but also suggest potential for the market to grow as adoption increases. Cryptocurrencies like BTC and ETH have seen a decline in ownership among this group, while XRP ownership increased slightly from 0% to 5%.

Tom Lee’s interpretation proposes that the market is in early stages of mainstream expansion. Institutional investors remain cautious, but this could change, allowing increased market participation and potential financial gains.

Non-Ownership Trends Predict Possible Market Upsurge

Historically, spikes in non-ownership are often followed by increased adoption as skepticism wanes. Previous bear markets with similar trends eventually led to significant gains for cryptocurrencies.

Based on historical data, eventual institutional buy-in typically results in dramatic market upswings. Lee’s insights suggest this pattern may repeat, with potential large-scale market expansions on the horizon.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.