@fundstrat
Ang pinakamadalas na sinisipi na bullish na boses sa telebisyong pinansyal — at isa sa iilang naglalakip ng numero at petsa. Pinamunuan ni Lee ang equity strategy sa J.P. Morgan bago niya isinama-samang itatag ang Fundstrat, at ngayon ay chairman siya ng isang kompanyang treasury ng Ethereum habang sinasabing aabot ang Bitcoin sa $250,000. Iyan mismong kombinasyon ang dahilan kung bakit sulit i-chart ang kanyang track record — at basahin nang nakalantad ang conflict of interest.
Sa madaling salita. Tom Lee is a Wall Street strategist, not a crypto trader: Chief Equity Strategist at J.P. Morgan from 2007 to 2014, then co-founder and Head of Research at Fundstrat Global Advisors, and since 30 June 2025 chairman of BitMine Immersion Technologies — a company whose entire business is holding Ethereum. He is on CNBC constantly, he gives round-number targets, and he almost never gives an invalidation level. Charted over the last seven months the pattern is consistent and unflattering in a specific way: he is early, repeatedly and expensively. He called the end of crypto winter in February, again in March, again in May — the actual bottom was 1 July. But when the market finally broke, on 26 June, he refused to abandon the thesis within 2% of the low. In September he went further — a crypto bull market “underway”, Ethereum to a new high this year — and those calls are still open. Eleven dated calls here: 3 played out, 5 still open, 3 went against him.
Nagtapos si Lee ng BSE sa Wharton School na may konsentrasyon sa finance at accounting, siya ay CFA charterholder, at nagtayo siya ng karaniwang karera sa sell side: managing director sa Salomon Smith Barney, saka Chief Equity Strategist sa J.P. Morgan mula 2007 hanggang 2014. Nakasaad sa sariling pahina ng team ng Fundstrat na taun-taon siyang nasa itaas ng ranking ng Institutional Investor mula pa 1998. Noong 2014 ay isinama-sama niyang itatag ang Fundstrat Global Advisors, isang malayang research house kung saan siya ang Head of Research; siya rin ang Chief Investment Officer ng Fundstrat Capital, na ang serye ng «Granny Shots» ETF (GRNY, GRNI, GRNJ) ay may $5.1 bilyon na pinagsamang asset noong 27 Agosto 2026.
Mas bago at mas maingay ang panig na crypto. Noong 30 Hunyo 2025 siya itinalagang chairman ng board ng BitMine Immersion Technologies (NYSE American: BMNR), isang kompanyang treasury na bumibili at nagsa-stake ng Ethereum — noong huling bahagi ng Agosto 2026 ay may hawak itong halos 5.9 milyong ETH. Hindi iyon talababa ng pagsisiwalat; iyon ang konteksto ng halos lahat ng sinasabi niya tungkol sa Ethereum, at ganoon ito tinatrato ng pahinang ito.
Malalaki, hayagan at karaniwang usapin ng timing ang kanyang mga pagkakamali. Naitala sa ulat tungkol sa kanyang paglabas sa CNBC noong 4 Marso 2026 na hinulaan niyang aabot ang Bitcoin sa $150,000–$200,000 bago matapos ang Enero at ang Ethereum sa $7,000–$9,000 bago matapos ang Enero — pumasok ang ETH sa Pebrero «nang bahagya lang sa itaas ng $3,000». Sa Binance Blockchain Week noong Disyembre 2025 ay mas nilagpasan pa niya iyon sa entablado: «Sa tingin ko aabot ang Bitcoin sa $250,000 sa loob ng ilang buwan.» Nasa labas ang mga tawag na iyon ng pitong-buwang bintanang kayang i-chart ng pahinang ito, kaya inilalahad dito sa halip na tahimik na alisin. May hati rin sa loob ng sarili niyang kompanya: ang head of digital asset strategy ng Fundstrat na si Sean Farrell ay may base case na babalik ang Bitcoin sa $60,000–$65,000 sa simula ng 2026 — ang mismong saklaw na naganap — samantalang hayagang tumatawag si Lee ng bagong taluktok.
Sources: fundstrat.com · x.com/fundstrat · CNBC · dated third-party coverage (linked on every call)
Top-down, tematiko, target muna. Nagsisimula si Lee sa macro regime (patakaran ng Fed, liquidity, ang ISM, ang ratio ng tanso sa ginto), sa daloy ng pera at sa mga adoption curve, at saka ipinapahayag ang pananaw bilang bilog na numero na may nakadikit na taon — $250,000 na Bitcoin, $12,000 na Ethereum, 8,200 sa S&P. Sa crypto, ang tanging tunay niyang kasangkapang analitikal ay ang ETH/BTC price ratio: pumili ng target sa Bitcoin, pumili ng ratio, i-multiply. Malinaw na balangkas iyon at ipinapakita niya ang aritmetika — pero ibig sabihin, minamana ng kanyang mga numero sa Ethereum ang bawat mali sa kanyang mga numero sa Bitcoin. Halos ganap na wala ang pamamahala ng panganib: walang stop, walang invalidation level, walang laki ng posisyon, at walang time frame na mas masikip kaysa sa «ngayong taon». Para sa timing ay humihiram pa siya ng antas ng iba (mga cycle count ni Tom DeMark, ang trend model ni John Bollinger) sa halip na gumawa ng sarili. Basahin siya para sa tesis at sa daloy ng pera, huwag kailanman para sa entry.
Kasing-bullish ng kayang abutin ng iskala, at estruktural iyon — chairman siya ng isang kompanyang treasury ng Ethereum at namamahala ng long-only equity ETFs. Sa pitong buwang pahayag sa loob ng bintana, wala siyang ni isang bearish; ang pinakamalapit ay «mahuhuli ang presyo sa maikling panahon», sinabi tatlong araw bago ang ilalim.
Eleven dated statements from the chartable window, each one pulled back verbatim from its own source page before it was scored. Lee gives targets but not timeframes tighter than “this year”, so most of these are judged on what price did next from the day he said it. The result splits cleanly by type: his bottom-calling is early and costly — February, March and May all called the end of crypto winter before a further −14.9%, −14.2% and −27.6% — while his thesis-defending at the actual low was excellent. Result: 3 played out, 5 still open, 3 went against him. His bigger misses ($250k Bitcoin “within a few months”, $7–9k Ethereum by January) predate this window and are in the biography, not buried.
“do I think Ethereum could reach all-time highs this year? Uh, absolutely.”
On the Coinage podcast, with ETH at $2,684, he gave a two-step path: $3,000 in the near term, then well above $5,000 — a new all-time high — before year-end, with $60,000 still “a reasonable view” for a couple of years out. Four days in: a high of $2,696 (+0.4%), and it holds $2,649 (−1.3%). His own $5,000 marker needs +88.7% from here in about three months. Open — and he chairs BitMine, which holds close to 6 million ETH.
SourceTom Lee says Ethereum could surge past $5,000 this year to new high — Coinage via Yahoo Finance↗ finance.yahoo.com“We believe a crypto bull market is underway, having started in late June,”
In his 21 September note, with BTC at $81,169. His reasons: rotation out of AI stocks back into crypto, tokenization, and the end of the four-year cycle. The start date he gives is fair — Bitcoin's low was 1 July, and he held the thesis there (see 26 June). The rest is untested: BTC ran +6.7% to $86,597 on 22 September and holds $83,346 (+2.7%). One week does not make a bull market — open.
SourceBitcoin braces for $15.6B Friday showdown as Tom Lee says bull run underway — CCN via Yahoo Finance↗ finance.yahoo.com“The price ratio of ETH to BTC moved to the highest level since Jan 30th of this year and established a new uptrend,”
His favourite tool again, in BitMine's weekly update, with ETH at $2,477 and the ratio at 0.0322. Ethereum itself did fine: a dip to $2,397 (−3.2%), then +12.1% to $2,775, and it holds $2,649 (+7.0%). The ratio he actually called has not trended: it peaked at 0.0326 on 21 September and is 0.0318 now, a shade below where he said it broke out — Bitcoin kept pace. Open.
SourceBitmine adds $68 million in ether as Tom Lee sees more upside catalysts ahead — CoinDesk↗ coindesk.com“I think it's the first leg up because this was like a catching people offside, moving crypto.”
On CNBC with BTC at $77,658 he called the August rally the first leg up and said his $150,000 target was “still possible, not that far off”, naming the 15 September Fed meeting as the pivot. That meeting has passed and the leg has extended, unevenly: a dip to $75,590 (−2.7%) on 16 September, then +11.5% to $86,597 on 22 September, and BTC holds $83,346 (+7.3%). Direction right so far, but $150,000 is still +80.0% away — open.
SourceTom Lee sees ‘very strong’ September rally if the Fed holds — Stocktwits via Yahoo Finance↗ finance.yahoo.com“I think that's being very conservative,”
His arithmetic: ETH/BTC back to 0.04 with Bitcoin at $150,000 gives $6,000 Ethereum by year-end — and he called that conservative. He said it with ETH at $2,511. Since then: a dip to $2,391 (−4.8%) on 3 September, then +10.5% to $2,775, and it holds $2,649 (+5.5%). Both inputs are still far off — the ratio is 0.0318, Bitcoin $83,346 — and the target needs +126.5% from here in about three months. Open — and note he chairs BitMine, which owns the ETH.
SourceEthereum will hit $6,000 as CLARITY Act ‘supercharges’ Wall Street demand — CCN via Yahoo Finance↗ finance.yahoo.com“Upside breakout happened for $ETH / $BTC,”
Posted on X with ETH at $1,890: the ratio had cleared resistance and a broadening rally was underway. It worked, on both legs. ETH dipped just −2.6% to $1,841, then ran +46.8% to $2,775 by 22 September and holds $2,649 (+40.1%). The ratio he was actually calling went from 0.0291 to 0.0318 over the same stretch. His cleanest call in the window.
SourceTom Lee says Ethereum has broken out against Bitcoin — CCN via Yahoo Finance↗ finance.yahoo.com“Crypto I think is not really a broken story, but it is going to have price lagging in the near term because the fundamental story is compounding”
Talking to Anthony Scaramucci with sentiment worse than post-FTX and BTC at $59,727, he refused to drop the thesis. Bitcoin fell just −1.9% further, to $58,566 on 1 July — the low of the whole window — then ran +45.0% to $86,597 and holds $83,346 (+39.5%). Ethereum bottomed that same day. The hedge he added, that price would lag, was the half he got wrong: price led. Called within 2% of the bottom.
SourceTom Lee says crypto is ‘not really broken’ — Benzinga via Yahoo Finance↗ finance.yahoo.com“In other words, the fact that we're up three months in a row means crypto winter is over.”
A BitMine shareholder message, argued from a monthly-close statistic: three green months for Ethereum, therefore no winter. He published it on the exact day Bitcoin printed this window's high, with ETH at $2,370. ETH then fell −33.9% to $1,566 by 26 June — the deepest drawdown here. It did not close back above that day's price until 22 August; it has since run +17.1% to $2,775 and holds $2,649 (+11.8%). The direction eventually paid, but the winter he ended was still six weeks from its low.
SourceTom Lee calls the end of crypto winter once again — Benzinga via Yahoo Finance↗ finance.yahoo.com“Crypto spring is here.”
Three words, posted on top of John Bollinger's trend-model flip, with BTC at $80,914 — five days from the May high. Bitcoin managed +1.4% to $82,018 on 11 May, then fell −27.6% to $58,566 by 1 July, and did not close back above ang binanggit na level until 4 September. It has since run +7.0% to $86,597 and holds $83,346 (+3.0%) — a 28% drawdown to be up 3% five months later. His worst-timed in-window call, and a borrowed signal rather than his own.
SourceTom Lee says ‘crypto spring’ is here — CCN via Yahoo Finance↗ finance.yahoo.com“They're all probably in the final stages or have already bottomed.”
On CNBC's Squawk Box, with BTC at $68,287: the worst of the sell-off would hit “this week”, and crypto had already bottomed. The short half was fine — BTC's worst close that week was $66,043 (−3.3%) and it ran to $74,679 (+9.4%) by 17 March. The bottom call was not: Bitcoin made a −14.2% lower low at $58,566 on 1 July. High since $86,597 (+26.8%), now $83,346 (+22.1%) — the direction eventually paid, this call didn't.
SourceBitcoin and Ethereum price to surge in March? Tom Lee bullish on rebound — CCN via Yahoo Finance↗ finance.yahoo.com“I think it touched it to the penny. He thinks we just have to undercut it once more, and that's the low. meaning we're really close to the end”
At Consensus in Hong Kong, BTC at $68,838. The structure he described — one more undercut of the $60,000 area, and that is the low — is exactly what happened: Bitcoin bottomed once, at $58,566 (−14.9%), and has not been lower since; it ran +25.8% to $86,597 and holds $83,346 (+21.1%). 14 February has now rolled off the chart's price history, which starts on 3 March at $68,816, so the chart anchors there — the percentages come out the same. Two caveats we won't hide. The $60,000 level was Tom DeMark's, not his — Lee was endorsing his timing advisor. And “really close to the end” meant April in the same coverage; the low came on 1 July, four and a half months and one 15% drawdown later.
SourceTom Lee forecasts end of crypto winter, names Bitcoin and Ethereum support — Benzinga via Yahoo Finance↗ finance.yahoo.comAng mga resulta ay basa namin sa kanyang idineklarang bias laban sa tunay na presyo ng CoinGecko, hindi ang sarili niyang pag-iskor. Kung saan antas ng iba ang binanggit niya ($60,000 ni Tom DeMark), sinasabi iyon ng card. Chairman siya ng BitMine, isang kompanyang treasury ng Ethereum, kaya may tuwirang interes sa pera ang bawat tawag sa Ethereum dito — timbangin ayon doon. Maaaring magbago ang mga bukas na marka.
Hindi signals ang ibinebenta ni Lee — institutional research ang ibinebenta niya, namamahala siya ng long-only ETFs, at chairman siya ng isang nakalistang treasury ng Ethereum. Ang huli ang conflict na mahalaga, at nakasaad iyon sa sarili niyang profile sa X.
Institutional at retail research (Fundstrat Global Advisors / FundstratDirect) na ibinebenta sa hedge funds, mutual funds at family offices. Ang produkto ay ang pananaw mismo, kaya kailangang kawili-wili ang pananaw.
Siya ang CIO ng tagapamahala sa likod ng GRNY, GRNI at GRNJ, $5.1 bilyon na pinagsama noong 27 Agosto 2026. Mga long-only equity fund na kumikita ng management fee sa asset — insentibo para maging konstruktibo sa stocks.
Chairman siya ng isang kompanyang treasury ng Ethereum na may halos 5.9 milyong ETH. Kapag tinawag niyang «lubhang undervalued» ang Ethereum sa isang podcast, ang balance sheet na pinamumunuan niya ang tinutukoy niya. Ituring na may interes ang bawat tawag sa ETH dito.
Mga paglabas sa CNBC, Consensus, Milken, Binance Blockchain Week. Ang abot ang channel ng distribusyon para sa tatlong negosyo sa itaas.
“Crypto I think is not really a broken story, but it is going to have price lagging in the near term because the fundamental story is compounding”
26 Jun 2026 · sinabi tatlong araw bago ang pinakamababa ng Bitcoin“Upside breakout happened for $ETH / $BTC,”
15 Jul 2026 · ang ETH/BTC ratio ang tanging tunay niyang kasangkapan sa crypto“Crypto spring is here.”
6 May 2026 · ipinost limang araw bago ang tuktok“In other words, the fact that we're up three months in a row means crypto winter is over.”
11 May 2026 · buwanang pagsasara bilang signal ng ilalim — anim na linggong maagaMga sipi mula sa sarili niyang pampublikong pinagkunan; mga pananaw na binanggit, hindi rekomendasyon.
Walang naka-link na video library dito. Ang produksyon ni Lee ay mga palabas ng iba — mga guesting sa CNBC, mga podcast, mga keynote sa kumperensya — kasama ang bayad na research ng Fundstrat at mga liham ng BitMine sa shareholders. Wala nang inilalathala ang sarili niyang YouTube channel mula 2024, at walang transcript ang mga segment ng CNBC na maaari naming sipiin. Sa halip na punuin ang seksyong ito ng mga clip na hindi namin maisisipi nang eksakto, iniwan namin itong walang laman: bawat tawag na chinart sa itaas ay naka-link sa isang may-petsang pahinang nagdadala ng kanyang mga salita nang salita-por-salita, at nasa naberipikang corpus sa likod ng dosyer na ito ang lahat ng ito.
Si Thomas J. Lee, CFA, ay isang estratehista ng Wall Street: Chief Equity Strategist sa J.P. Morgan mula 2007 hanggang 2014, saka co-founder at Head of Research ng Fundstrat Global Advisors, at Chief Investment Officer ng Fundstrat Capital. Mula 30 Hunyo 2025 ay chairman din siya ng BitMine Immersion Technologies, isang nakalistang kompanyang treasury ng Ethereum. Isa siya sa pinakamadalas na inaanyayahang komentarista sa merkado sa CNBC.
Sa buong 2026 ay hayagan niyang hinawakan ang target na $250,000 para sa Bitcoin, na may $150,000 bilang mas malapit na marka — noong 31 Agosto 2026 ay sinabi niyang «Sa tingin ko posible pa rin ang 150, hindi naman ganoon kalayo» habang nasa $77,658 ang Bitcoin. Hindi siya naglalathala ng invalidation level, at hindi naabot ang naunang target niya ($150,000–$200,000 bago matapos ang Enero).
He is a research analyst and commentator, not your adviser, and he has a direct financial interest in Ethereum through BitMine. His documented pattern in the window charted here is that his direction has been broadly right and his timing repeatedly early — he called the end of crypto winter in February, March and May before the actual low on 1 July. Three of the eleven dated calls on this page went against him. Never trade a headline target without your own invalidation level.
Top-down at tematiko: basahin ang macro regime (Fed, liquidity, ISM), tukuyin ang isang adoption trend na tumatagal ng ilang taon, at ipahayag ito bilang bilog na target na may nakadikit na taon. Sa crypto ay tuwirang ETH/BTC price ratio ang pinagbabatayan niya — pumili ng target sa Bitcoin, pumili ng ratio, i-multiply — malinaw ito pero ibig sabihin ay minamana ng kanyang mga numero sa Ethereum ang bawat mali sa kanyang mga numero sa Bitcoin.
Chairman siya ng BitMine Immersion Technologies (NYSE American: BMNR), na noong huling bahagi ng Agosto 2026 ay may hawak na halos 5.9 milyong ETH at nagsasabing halos 98% na ito ng landas patungo sa layuning magmay-ari ng 5% ng suplay. May business label ang profile niya sa X para rito. Dapat basahin bilang may interes ang anumang tawag niya sa Ethereum.
Pumipili si Lee ng tema, pumipili ng numero, at hinahawakan iyon sa buong pagbagsak. Gaano kalapit ang instinct mo — sukatin ito nang totohanan gamit ang Trader Passport.
Ngayon, gamitin ang iyong paraan. Subukan ang iyong kalamangan sa live na datos ng merkado — walang panganib sa kapital — sa isang libreng torneo ng BuyCrypt na may totoong premyo.
Pang-impormasyon at pang-edukasyong pagsusuri na mahigpit na nakabatay sa mga pampublikong materyal (may-petsang ulat ng ikatlong partido at ang sarili niyang pampublikong post, naka-link sa bawat tawag). Chairman si Tom Lee ng BitMine Immersion Technologies, isang kompanyang treasury ng Ethereum, at CIO siya ng isang tagapamahala ng ETF — pareho itong isinisiwalat sa itaas at may kaugnayan sa kanyang mga pananaw. Hindi ito payong pinansyal o pamumuhunan. Tinatayang mga numero at patuloy na nagbabago. Spotted an error, or are you Tom? Mag-submit ng pagwawasto →
Napatunayang mga handle · Mga pinagkunan na binanggit sa itaas · Pamamaraan ng pagmamarka · Na-update 28 September 2026
