All the pieces are in place for crypto to be bottoming right now, says Fundstrat's Tom Lee

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Fundstrat 6.5
Market Research Firm
Tom Lee 9.0

All the pieces are in place for crypto to be bottoming right now, says Fundstrat's Tom Lee

BTC

metals

gold and silver doing so well, especially at the start of the year. That created FOMO and that was a Govore text sucking all risk appetite towards the precious metals trade. Lee describes a strong, FOMO-driven rally in precious metals at the start of the year, implying upward momentum.

1/26/2026 10:43:44 PM	short term sharp up	6 days later	-18.04%	-27.06%
1/5/2026 2:03:32 PM	medium term up	20 days later	+20.04%	+20.04%

Asks if current market weakness is worse than Tom Lee expected, referencing his earlier warnings about volatility and Washington policy.

Host
Tom Lee

Parts have been worse than expected, specifically crypto, which suffered due to a lack of leverage and a FOMO-driven rotation into gold and silver.

Attributes broader market turmoil to Washington picking winners and losers and potential Fed chair uncertainty. Notes the broader economy is in good shape.
Questions the consensus view of GOP losing the House not being negative for markets.

Host
Tom Lee

Agrees it's consensus, and a GOP-held House could be a positive surprise.

Adds that White House front-loading its agenda for midterms is causing market turmoil.
Asks if markets will test any new Fed Chair.

Host
Tom Lee

Yes, markets tested Yellen and Powell early on. The confirmation process and first FOMC meeting create uncertainty, making the middle of the year potentially bumpy.
Cites Lee's historical stat about S&P performance after a strong January start, then questions the indicator's validity.

Host
Tom Lee

Defends the indicator as very telling, showing an 18% average gain after such a start versus a 5% average loss otherwise.
Suggests AI stock valuations could be a headwind and mean revert.

Host
Tom Lee

Acknowledges mean reversion could work.
Asks if Bitcoin will reach Lee's past target of $75k or if $40k is a buy level.

Host
Tom Lee

Cites advisor Tom Demark's view that time and price aligned for a crypto bottom this weekend. Believes crypto should follow if fundamentals remain good.

Notes Ethereum active addresses are going parabolic and Wall Street is building digital asset businesses.

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