New Bitcoin All-Time High by January, Says Tom Lee
“I do assume Bitcoin could make an all-time high by the top of January,” stated Tom Lee on CNBC on Monday. “I’m fairly bullish into December even with the primary day being rocky,” he stated.
The BitMine chairman added that numerous it should rely upon equities recovering, which he expects, and a brand new Federal Reserve chairman “will assist.”
“When individuals acquired apprehensive a couple of Hawkish Fed … it hurts crypto fashions too, so if we’ve got a Dovish Fed, that’s actually a tailwind.”
Market losses accelerated when Fed chair Jerome Powell shed doubt on a December price lower. However, the winds have modified, and CME futures markets now predict an 87.6% likelihood of a 0.25% lower on December 10.
Recovery From Deleveraging
Lee’s comments got here as Bitcoin and crypto began the week deep within the purple following one other leverage flush out on Monday. BTC tanked to $84,000, additionally pushed by fears over the top of the Yen Carry Trade as Japanese authorities bond yields hit multi-year highs.
Bitcoin and crypto have been disappointing once they acquired hit in October and once more when the percentages of a price lower dropped, Lee continued. Markets haven’t actually recovered and are nonetheless reeling from the huge deleveraging occasion, which was “not that totally different from the wipeout that occurred in 2022 with FTX … that took eight weeks.”
We’re rising from that, so perhaps in per week or two, crypto has “absolutely washed out,” and that’s when it begins to take part, he stated.
“We see a number of tailwinds into year-end, together with finish of Fed’s QT [quantitative tightening] and a December Fed lower,” Lee tweeted after the interview. He added that fundamentals have been stable, which units up good danger/reward alternatives.
Crypto costs have fallen relentlessly at the same time as fundamentals, measured by wallets, onchain, charges or tokenizatio, have moved ahead
So danger/reward is enticing for $BTC and $ETH https://t.co/yk6poVwSQ6
— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) December 1, 2025
BitMine Buys The Dip
Lee’s BitMine Immersion Technologies stays bullish on Ethereum, shopping for the dip on Tuesday, in response to Arkham Intelligence. The agency scooped up one other 7,080 ETH value $19.8 million, it noted.
The newest buy brings the BitMine whole to a whopping 3.73 million ETH value $10.43 billion. It is greater than 3% of the complete provide and 61.6% of the corporate’s treasury goal, reports SER.
Ether costs had proven no indicators of restoration and have been hovering round $2,800 on the time of writing.
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