Fundstrat's Tom Lee defended Bitcoin (CRYPTO: BTC) and Ethereum
Tom Lee (Fundstrat) defends Bitcoin thesis, projecting $2M BTC by matching gold's network value despite recent crypto underperformance versus AI stocks. Crypto infrastructure becomes critical as AI agents automate commerce, tokenization grows, and Wall Street adopts blockchain settlement—network effects for BTC/ETH.
Fundstrat's Tom Lee defended Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) on Monday, arguing crypto's long-term thesis remains intact despite recent underperformance.
Lee On BTC and ETH
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Speaking on CNBC, Lee pushed back against claims crypto's thesis is broken after recent weakness relative to AI and software stocks.
The comments came after questions about investor frustration and reports of crypto holders "rage quitting" positions.
Btc: 87k (0%) | btc.D: 59.0% (0%). Eth: 2975 (1%) | bnb: 855 (+1%) | sol: 124 (0%). Tom Lee bought another $130M in ETH for…
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