Bitmine’s Tom Lee Sees Crypto Rally Into Year-End, Says S&P 500 Could Climb Another 10%
Tom Lee predicts a year-end rally for both crypto and the S&P 500, citing Fed cuts and improving technicals.Summary
Tom Lee, Chairman of Bitmine Immersion Technologies and head of research at Fundstrat Global Advisors, expressed a bullish outlook for both U.S. stocks and cryptocurrency heading into the end of 2025. He suggested the S&P 500 could climb another 10% from its current level around 6,800, potentially surpassing 7,000, driven by Federal Reserve rate cuts initiated in September and persistent investor skepticism.
Regarding crypto, Lee pointed to the October 10 liquidation event, which he linked to tariff tensions, noting Bitcoin's relative resilience. He sees the setup improving as both Bitcoin and Ether are at record lows in open interest, while technical indicators are turning positive, suggesting upside potential. Furthermore, he highlighted supportive news, such as JPMorgan's openness to using crypto as collateral.
Lee also drew parallels between crypto and traditional markets, suggesting Bitcoin flags direction for the S&P 500 and Ether for small caps (Russell 2000). He concluded that improving fundamentals, particularly rising Ethereum activity driven by stablecoins, support a significant move for both BTC and ETH by year-end.
(Source：CoinDesk)