Respected Wall Street analyst Tom Lee is urging investors to buy the dip in the stock market and to load-up on Bitcoin (BTC) as the cryptocurrency’s price continues to slump.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Lee, who is the co-founder and Head of Research at Fundstrat Global Advisors, said on CNBC that he remains bullish of the stock market despite the current turbulence and is advising investors to “buy this ‘fire, ready, aim’ panic.”
While Lee acknowledged that he is “bracing for markets to go risk-off,” due to U.S. President Donald Trump’s tariff threats and ongoing concerns caused by the launch of Chinese artificial intelligence (AI) app DeepSeek, he doesn’t expect equities to be down for long.
Bullish on BTC
Lee pointed out that the tariffs being threatened by Trump are part of a drug war and not really a trade war, and said that’s a big difference from the 2018 tariffs Trump imposed during his first administration. He also reiterated that he feels the market’s worries about DeepSeek’s AI chatbot have been an overreaction that will soon pass.
In addition to being constructive on stocks, Lee remains bullish on cryptocurrencies, particularly Bitcoin. Lee said that while BTC could continue to weaken in the near-term, its long-term prospects continue to look positive. In January of this year, Lee forecast that Bitcoin’s price will rise to $250,000 by the end of 2025.
Lastly, Lee said that January was a positive month for the stock market, and that whenever markets rise in the first month, there’s an 89% win-ratio for the year, with a median gain of 19%. Lee encourages investors to look for bargain stocks among small-caps, financials, and industrials.
Is BTC a Buy?
Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so we’ll look at the cryptocurrency’s three-month performance instead. As one can see in the chart below, the price of BTC has risen 43.65% in the last 12 weeks.
