Bitcoin is a volatile asset.
We first recommended Bitcoin to Fundstrat clients in 2017 (1%-2% allocation)
- Bitcoin 2017 ~$1,000
Since then (past 8.5 years), $Bitcoin (BTC.CC)$:
- 6 declines > -50%
- 3 declines > - 75%
2025, Bitcoin 100x from our first recommendation
TAKEAWAY:
To have gained from that 100x Supercycle, one had to stomach existential moments to HODL
WHY?
Crypto prices are discounting a massive future. So doubts create volatility
TODAY:
We believe $ETH is embarking o...

To me, the weakness in crypto has the all the signs
- of a market maker (or two) with a major “hole” in their balance sheet
Sharks circling to trigger a liquidation / dumping of prices $Bitcoin (BTC.CC)$
Is this pain short-term? Yes
Does this change the $Ethereum (ETH.CC)$ supercycle of Wall Street building on blockchain? No
PS: this is not a time to use leverage. Don’t get liquidated

The dynamics are favorable for stocks into year-end, so we would be "buying the dip"
- leadership likely AI MAG7/ Crypto $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$
- Dec Fed cut + shutdown ending favors financials $Financial Select Sector SPDR Fund (XLF.US)$ and small-caps $iShares Russell 2000 ETF (IWM.US)$
Great speaking with @ScottWapnerCNBC on @CNBCClosingBell
@fs_insight @FundstratCap @BitMNR
tickers: $GRNY $BMNR
Watch CNBC's full interview with the 'Closing Bell' Panel cnb.cx/3JQzDwt

Tom Lee, Co-Founder of Fundstrat and Chairman of $Bitmine Immersion Technologies (BMNR.US)$ , joined Futu’s Steve Zeng to share how he’s bridging traditional finance and digital assets. A former Wall Street strategist, Lee recalled first calling Bitcoin “digital gold” when it traded under US$1,000 — a conviction that set the stage for his next big bet on Ethereum.
Now leading Bitmine, the world’s largest $Ethereum (ETH.CC)$ holder, ...