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The Latest Breaking News from Fundstrat

Tom Lee's $5 Billion Ethereum Bet Puts Bitcoin Maximalists On Notice

Bitcoin (CRYPTO: BTC) maximalists typically call their coin "digital gold." But Tom Lee, Fundstrat co-founder and now chairman of Bitmine Immersion Technologies Inc (NYSE:BMNR), is maximizing the potential of a different digital asset — Ethereum (CRYPTO: ETH).

Benzinga

BitMine's Crypto Holdings Surpass 1.52 Million ETH To Become Second-Biggest Crypto Treasury

BitMine Immersion Technologies (AMEX:BMNR) disclosed that its crypto holdings have exceeded $6.61 billion, including 1.52 million Ethereum (CRYPTO: ETH) tokens, making it the world's largest Ethereum treasury and the second-largest crypto treasury globally.

Benzinga

Tom Lee: Ethereum Is 'The Biggest Macro Trade' For The Next 10-15 Years

Ethereum (CRYPTO: ETH) could be the most significant macro investment opportunity over the next decade, according to Fundstrat co-founder Tom Lee, who points to the convergence of artificial intelligence, tokenization, and Wall Street's migration to blockchain infrastructure.

Benzinga

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Fundstrat's Tom Lee: Owning Bitcoin Is Like Owning Land Under A McDonald's

Bitcoin (CRYPTO: BTC) is undergoing a reframing in how institutions may treat it, not as a volatile asset, but as digital infrastructure akin to real estate.

Benzinga

Tom Lee Calls Ethereum The 'Biggest Macro Trends For The Next 10–15 Years' As BitMine Becomes Largest ETH Holder With $3 Billion Treasury

Fundstrat Global Advisors Head of Research Tom Lee said Ethereum (CRYPTO: ETH) is among the “biggest macro trends for the next 10-15 years” as BitMine Immersion Technologies Inc. (AMEX:BMNR) announced on Monday it now holds 833,133 ETH tokens valued at $3.0 billion.

Benzinga

Apple Is Going To Surprise Wall Street, Says Tom Lee, As iPhone Maker 'Could Be Quietly Ready To Pounce On AI'

As Wall Street has been rallying behind the iPhone maker, led by Tim Cook, to dive into the artificial intelligence (AI) race, Fundstrat’s Tom Lee says that Apple Inc. (NASDAQ:AAPL) could be ready to surprise investors.

Benzinga

Is $1M Bitcoin Realistic? Tom Lee Says It May Be Closer Than You Think

Fundstrat's Head of Research Tom Lee on Monday reiterated his long-term bullish view on Bitcoin (CRYPTO: BTC), saying the asset could surpass $1 million per coin within the next few years.

Benzinga

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Tom Lee Says Ethereum Set For Breakout As Stablecoins Become 'ChatGPT Moment' For Wall Street And Crypto

Fundstrat Global Advisors co-founder Tom Lee said on Tuesday that Ethereum (CRYPTP: ETH) is positioned for a significant breakout as stablecoins create a transformative “ChatGPT moment” for Wall Street and cryptocurrency convergence.

Benzinga

Tom Lee: Ethereum, Not Solana, Is The 'Preferred Choice' For JP Morgan, Robinhood, Circle To Build On

Ethereum's (CRYPTO: ETH) dominance in the tokenized finance sector isn't slowing down and according to Fundstrat's Tom Lee, it has already become Wall Street's go-to blockchain infrastructure, leaving Solana (CRYPTO: SOL) behind in key institutional use cases.

Benzinga

Galaxy Digital Stock Jumps 10% On Monday: What's Behind The Move?

Shares of Galaxy Digital Inc. (NASDAQ:GLXY) are trading higher Monday as interest in crypto-related equities continues to rise following several catalysts tied to institutional backing, AI infrastructure developments and broader sector momentum.

Benzinga

Inside Tom Lee's Plan To Build 'MicroStrategy Of Ethereum' At BitMine

Wall Street veteran and Fundstrat co-founder Tom Lee is set to bring Ethereum (CRYPTO: ETH) into the spotlight, with plans to position BitMine Immersion Technologies (AMEX:BMNR) as the ‘MicroStrategy of Ethereum.‘

Benzinga

Can Fundstrat’s Tom Lee Make BitMine Immersion Stock the ‘MicroStrategy of Ethereum’?

BitMine Immersion stock soars as the crypto mining firm names Tom Lee its chairman and reveals plans of using Ethereum as a reserve asset. But does this BMNR rally have legs?

Barchart

‘Peak uncertainty’ may have passed since Trump pressed pause on tariffs, but Fundstrat’s Tom Lee fears we may not have reached ‘maximum pain’

“We’re now in a de-escalation mode when it comes to the tariffs,” UBS’s Evan Brown added.

Fortune

A top forecaster sees the market bottoming as Wall Street raises recession forecasts over Trump tariffs

Goldman Sachs, JPMorgan, and Moody’s see an elevated chance of a recession this year on the back of tariffs and trade wars.

Fortune

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Benzinga

US Stocks Likely To Open In Red As Investors Remain Cautious Ahead Of Key Payrolls Data: Bitcoin's Rally Above $100K Is 'Precursor' To S&P 500's Performance For Rest Of The Year, Fundstrat's Tom Lee Says

U.S. stocks could open in the red on Friday as investors exercise caution and take a break after pushing the Dow past 45,000 for the first time.

Fortune

Wall Street's biggest bull says his inflation call was the main reason he's been proven right this year—but there’s also his faith in corporate America

In the land of the bears, Tom Lee is the bull that had a 2023 stampede. “Corporate resilience” should never be counted out, he told CNBC.

Fortune

Wall Street's biggest bull called this year's stock market rally—now instead of a recession, he says ‘the economy is actually slipping into an expansion’

Fundstrat’s Tom Lee is known for his bullish takes. He called a 20% S&P 500 rebound this year, and it’s up over 14% so far.

Fortune

Fundstrat saw Bitcoin hitting $200,000 before it fell to $16,000. Here’s why they’re still hopeful after a ‘horrific year’ for crypto

“It’s an important moment for the industry,” Fundstrat’s Tom Lee said. “I think there's a lot of people throwing gasoline in a crowded theater and yelling ‘fire.’”

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StockNews.com

2 Stocks to Keep Your Eye on Heading Into 2023

Favorable inflation data for October and rising anticipation of a slower pace of rate hikes ahead might bode well for the stock market. Fundstrat sees the market soaring to new records if inflation continues to ease. Therefore, fundamentally sound General Motors (GM) and APA Corporation (APA) could be the stocks…

Bangkok Post

Bitcoin struggles as ‘final washout’ possible

Bitcoin stayed just over US$20,000 on Wednesday, with its inability to gain upward traction fueling concern among analysts of further declines.

Tribune News Service

Brace for crypto market to ‘get weird’ over Memorial Day

Cryptocurrencies are probably headed for more bouts of downside volatility and investors should consider reining in their risk, according to Fundstrat.

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