Fundstrat’s Tom Lee Sees Bitcoin, Ethereum Poised for Catch-Up Rally After Metals Cool
Bitcoin and ethereum could soon play catch-up to gold and silver's blistering rally, according to Fundstrat's Tom Lee. The managing partner argues crypto fundamentals remain strong despite recent underperformance, with deleveraging and investor FOMO into precious metals temporarily diverting attention from digital assets.
Lee notes crypto typically benefits from a weaker dollar and Fed easing—conditions currently in place—but lacks the leverage tailwinds that fueled past cycles. "When metals pause, we've historically seen sharp rallies in BTC and ETH," he told CNBC, suggesting the current divergence may soon reverse.
Gold's 17.5% YTD surge to record highs highlights the stark contrast. Lee maintains the sector's underlying infrastructure has improved since October, positioning Bitcoin and Ethereum for renewed momentum once capital rotates from metals.
