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Fundstrat Managing Partner Tom Lee stated in an interview with CNBC that if everyone starts using tokens, computing power will become scarce, prices will rise, and then bottleneck issues will be discussed. He believes that many states will welcome this investment, and over time, AI trading remains very vibrant, with the community indeed hoping for capital inflow, but on their own terms.Tom Lee also mentioned that cryptocurrencies are rising because Democrats are now pushing for cryptocurrency legislation, whereas they opposed it before the midterm elections, and now they genuinely hope to pass relevant legislation.

Co-founder of Fundstrat and Chairman of Bitmine, Tom Lee, stated on CNBC's "Squawk Box" that he believes the sell-off in AI stocks has bottomed out, reasoning that the demand in the AI market remains tight and supply is limited, not due to overcapacity. He admitted that determining the bottom is very difficult, saying, "At the bottom, you don't know how much more downside there is, so the bottom is dangerous." He further pointed out that spending constraints, including political resistance, are slowing down industry growth, but this does not mean the AI boom has peaked.This judgment is particularly critical for companies related to AI infrastructure. Taking the data center business as an example, the supply shortage may cause customers to queue and also limit suppliers' ability to convert orders into revenue. Intel's stock plummeted nearly 30% to $65.76 last Friday due to its fourth-quarter earnings guidance falling short of expectations; despite revenue from data center and AI business growing 78% year-on-year to $7.3 billion, manufacturing capacity constraints still prevent it from meeting demand. The company expects quarterly revenue to be between $15 billion and $16 billion, with the median about $1.6 billion lower than analysts' expectations, and the weak PC business further increases pressure.Lee's second argument comes from the cryptocurrency market. He noted that the cryptocurrency market's reaction to the Binance security incident was relatively limited, with the exchange initially estimating the affected scale at about $6.3 billion. He believes that if cryptocurrency is a leading indicator of risk assets, then the sellers have basically cleared out. Last Friday, Bitcoin fell about 4% to around $76,400, with over $1.3 billion in leveraged positions being liquidated, and the U.S. spot Bitcoin ETF saw a net outflow of $643.2 million that day, marking the largest single-day outflow in October. Binance stated that it has frozen about $3 billion in affected assets and promised to cover the losses with emergency reserves and company funds.

Bankless cites Fundstrat's view that its ten-year vision for BitMNR is to bet on Ethereum becoming the dominant chain for tokenization and AI. Fundstrat states that it has bet on Ethereum becoming the place where a large number of related activities occur, and believes its legacy lies in helping Ethereum maintain its status as the most important public chain in the future.When discussing ETH performance, Fundstrat argues that it is a very reasonable point that ETH could flip Bitcoin's native narrative; if ETH reaches $50,000, $100,000, or $200,000, the returns for shareholders will be extremely substantial.

DecodeMarkets cites the views of Fundstrat co-founder Tom Lee in Thursday's Macro Minute, stating that the first phase of AI trading is focused on upstream areas, including semiconductors, memory, and infrastructure, with related assets experiencing significant increases and entering a correction. The current market focus is shifting downstream, with software, application layers, and ETH beginning to receive more attention.Tom Lee indicated that Ethereum has undergone the anticipated significant cooling, but its fundamental narrative continues to strengthen, covering stablecoins, asset tokenization, institutional adoption, and future AI agents completing transactions on-chain. Capital may be shifting from building infrastructure to holding the underlying tracks where the next wave of activity will occur, thus still in the early stages.He pointed out that ETH prices have begun to show some performance, but market positions have not yet caught up, with most portfolios still not allocated to ETH.

According to BeInCrypto, Sean Farrell, the head of digital asset strategy at Fundstrat Global Advisors, released a research report indicating that Bitcoin's current 30-day price volatility has dropped to historically low levels. Reviewing the past eight similar low-volatility periods, the median absolute price change of Bitcoin over the subsequent 60 days has reached about 30.2%, with four instances of increases and four instances of decreases.Based on the current price of approximately $64,000, a 30% upward volatility would target a price of about $83,200; if it goes downward, it would be around $44,800. Farrell also pointed out that Bitcoin's approximately 2% rebound this Monday was mainly driven by short covering, and the future direction remains unclear, while the continuous rise in real bond yields poses the greatest downside risk at present.

According to Tom Lee, co-founder of Fundstrat and chairman of Bitmine, in an interview with Decrypt, the market should be very close to the bottom, as the current market sentiment is extremely poor and the price trend is also very bad.Fundstrat's analyst Tom Demar has been saying since last November that BTC would drop to $60,000. He initially believed that the bottom for ETH should be around $2,400, but if it cannot hold, it would bottom out near $1,890. He thinks it just needs to dip one more time, which would be the lowest point, indicating that we are very close to the end of the downward trend.Previously, Fundstrat stated in its 2026 cryptocurrency strategy advice to internal clients that the market would experience a deeper correction in the first half of the year, with a target price for BTC of $60,000 to $65,000; a target price for ETH of $1,800 to $2,000; and a target price for SOL of $50 to $75. However, Tom Lee himself has publicly claimed that both BTC and ETH will reach new highs in January 2026.

Tom Lee retweeted a user's post stating that Bitmine Marine (BMNR) holds a 4% stake in Beast Industries. If Mr. Beast launches an IPO and achieves a 100-fold increase, this $200 million investment would be enough to triple the BMNR price from its current base.Fundstrat excels at early identification of companies with breakthrough potential, such as Palantir, Nvidia, and Tesla. This means that as ETH revenues increase, it will achieve 10 to 20 breakthrough projects in the coming years. Combined with the Ethereum supercycle, BMNR aims to become a $1 trillion market cap Ethereum infrastructure company.As the future of finance is ETH, BMNR is an important infrastructure company for future finance, comparable in scale to Google, and is expected to achieve a 200-fold increase within 10 years.

Regarding the contradictory outlook on Bitcoin from Tom Lee and his Fundstrat analysts (Tom Lee is bullish, while Fundstrat is bearish), Fundstrat client Cassian posted that the interpretation of this debate is unfair and misleading. Tom Lee retweeted and replied, "Well said."Cassian stated: This interpretation is taken out of context; the actual situation involves collaboration among different teams, over different time periods, and with different responsibilities.Cassian mentioned that the three core figures at Fundstrat have clearly defined roles: Tom Lee is responsible for the macro and liquidity framework and is the most vocal, maintaining a long-term bullish view on crypto assets; Sean Farrell, as the head of digital asset strategy, is responsible for specific crypto portfolios and position adjustments. Assuming BTC pulls back to $60,000-$65,000, he would convert about 50% of the portfolio to cash/stablecoins, which is a risk management action rather than a long-term bearish stance; Mark Newton approaches from a technical perspective, believing that the October pullback disrupted the original upward trend. He expects a rebound first, followed by a period of consolidation, and after structural repair, there is still room for growth by the end of the year. The three have a high degree of consensus on macro risk: the overall environment will be very unstable in the first half of 2026, with differences in that Sean focuses on short-term defense, Mark looks at technical structure repair, and Tom maintains a structural bullish view from a longer-term and liquidity perspective.Cassian stated that he personally holds a large amount of BitMine stock and would not sell even if the price pulls back by 70%, because the risk of "missing out on a big rise" is greater than the reward of "trying to catch the bottom." He emphasized that understanding who is speaking, what their responsibilities are, and the time horizon is crucial. Once these pieces are put together, the claim that "Fundstrat is contradictory" falls apart.

Fundstrat's Head of Technical Strategy Mark Newton CMT posted on X platform that he disagrees with the view that cryptocurrencies have peaked, citing five reasons:The Elliott Wave structure does not show signs of a peak;The monthly DeMark signals have not yet been triggered;The MACD indicator turning negative due to consolidation is not decisive;The mid-term uptrend since 2022 has not been broken;Market sentiment is far from the levels that typically indicate a meaningful market peak.He added that he is watching for signals confirming that ETH and BTC prices have bottomed.

ChainCatcher news, according to Jinshi reports, Fundstrat co-founder Tom Lee stated that although the market is currently pricing in two rate cuts by the Federal Reserve this year, implementing only one rate cut may not necessarily be a bearish signal. He pointed out that the market would interpret this move positively, believing that it is more ideal for the central bank to cut rates when the economy is strong. Due to the number of initial jobless claims being lower than expected, market participants have slightly adjusted their expectations for a Fed rate cut. Lee emphasized the need for caution, stating that the central bank's easing policy should be initiated earlier.

ChainCatcher news, according to CoinDesk, Fundstrat's research director and Bitcoin bull Tom Lee stated that as a volatile asset, Bitcoin has dropped 15% from its peak, which is a normal adjustment.Glassnode data shows that Bitcoin's decline in this cycle has been relatively mild, around 15%-20%, much less than the 30%-50% declines seen during previous bull markets, indicating that the asset is becoming more mature.Despite the short-term pullback, Lee still believes that Bitcoin will be one of the best assets in 2025 and remains optimistic about a year-end target of $200,000 to $250,000.

ChainCatcher news, according to Morningstar, investors seeking to continue the cryptocurrency bull market will closely monitor any regulatory changes in 2025, as well as whether Trump's commitments to the crypto industry will materialize. Trump has repeatedly vowed to support the crypto industry during his campaign and has received backing from several key figures in the sector.Fundstrat's head of digital assets, Sean Farrell, explained, "The first 100 days of Trump's term will be very, very important, as analysts often use the 'first 100 days' as a benchmark for measuring the efficiency and influence of an incoming U.S. president." Although the incoming president has yet to outline any specific plans, investors will be watching to see if Trump fulfills his promise to establish a strategic Bitcoin reserve in the U.S., which primarily includes:Clear guidelines on which cryptocurrencies should be classified as securities;Whether Trump will fulfill his commitment to establish a strategic Bitcoin reserve in the U.S.;Any changes to the SAB121 bill, which establishes accounting standards for companies that custody cryptocurrencies, requiring publicly traded companies, including banks, to recognize the cryptocurrencies they hold in custody as liabilities on their balance sheets;Whether the Federal Reserve will significantly lower its key policy interest rates in 2025.

ChainCatcher news, former JPMorgan Chief Equity Strategist and Fundstrat Capital Chief Investment Officer Tom Lee stated that he agrees that a wave of regulatory reform is indeed coming as he discussed the expected changes following Trump's presidency, emphasizing that Bitcoin is the most obvious indicator of future change.He said, "Perhaps the best way to measure this is through Bitcoin's performance, as Bitcoin has faced significant regulatory burdens over the past few years, and now the White House is embracing digital assets. The new U.S. SEC Chair, FTC Chair, and new Secretary of Commerce, I believe these are actually seen as favorable for businesses. But I think a good alternative approach is to focus on Bitcoin."Lee also mentioned the "reasonable target for BTC in 2025": "We believe it will follow a similar halving cycle that we have seen in the past, which means the BTC price will be around $250,000 in 2025."

ChainCatcher news, according to a post by Cointelegraph on the X platform, former JPMorgan Chief Equity Strategist and co-founder and research head of FundStrat Global Advisors Tom Lee stated in an interview with CNBC that Bitcoin could become a "treasury reserve asset" to help offset the U.S. deficit.Additionally, Bitcoin still has the potential to reach $100,000 this year, with significant upside potential.

ChainCatcher news, Fundstrat managing partner Tom Lee stated in an interview with CNBC that the hope of Trump winning the November election could boost asset prices, including Bitcoin. The market currently believes that the chances of Trump winning are higher than what the polls indicate, and sees this as a positive development. "When the market becomes more convinced of this, you will see cyclical stocks, small-cap stocks, and Bitcoin perform better, as these all reflect clear policy differences." FiveThirtyEight's current national poll shows Democratic nominee Kamala Harris leading Trump by 3.4%. In contrast, cryptocurrency bettors on Polymarket believe Trump has a 52% chance of winning.

ChainCatcher news, according to CNBC, Fundstrat co-founder Tom Lee stated, "I still believe that Bitcoin will reach $150,000, and the suspense surrounding Mt. Gox will disappear in the second half of the year."Tom Lee mentioned in May that Fundstrat believes Bitcoin is still in the early stages of an upward cycle, so the idea that Bitcoin could reach $150,000 this year remains within the firm's fundamental assumptions. Lee explained his reasoning by pointing out that this is due to macroeconomic changes from the United States.

ChainCatcher news, Fundstrat's Head of Digital Assets Strategy Sean Farrell stated in a report that people's expectations for the ETH spot ETF are overly pessimistic. Hedge funds pursuing so-called basis trading (aimed at exploiting the differences between the spot and futures markets) will drive the development of the ETF.