Tom Lee

Despite a significant price drop, Fundstrat’s Tom Lee predicts Bitcoin will hit a new all-time high by the end of January. He cites a recovering stock market and a potentially less aggressive Fed as key drivers, while his firm, Bitmine, continues to aggressively accumulate Ethereum.

Bitmine Immersion Technologies, led by CEO Tom Lee, has purchased another $44.34 million worth of Ethereum, bringing its total holdings to about 3% of all ETH. The company plans to accumulate until it controls 5% of the supply, with Lee predicting the price will surge to $7,000-$9,000 in the coming months.

Tom Lee, known for his Bitcoin optimism, has softened his $250,000 year-end target, now focusing on a potential return to $125,000. He still expects Bitcoin to exceed $100,000 by year-end amid recent market volatility.

Market analyst Tom Lee argues the recent crypto market slump is not a typical crash but a liquidity crisis among market makers, triggered by the October 10 sell-off. He warns this downward pressure could persist for several more weeks.

Following a recent Bitcoin crash, prominent figures like Tom Lee suggest a technical glitch with the stablecoin USDe on Binance triggered the downturn. Others, however, are pointing fingers at deliberate market manipulation by large funds.