- Tom Lee said Bitcoin could reach a new all-time high again this month.
- He said there may be short-term turmoil in the first half due to volatility and portfolio rebalancing, but it could serve as a springboard for a large-scale rally in the second half.
- He said Ethereum may also show notable performance this year, and emphasized that the current volatility is a process of preparing for the bullish trend.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
There is a prospect that Bitcoin (BTC) could set a new all-time high again this month. Short-term volatility is inevitable, but the mid-to-long-term upward trend is still valid.
On the 5th (local time), crypto asset (cryptocurrency) specialist media CoinDesk reported that Fundstrat and BitMine (BMNR) chairman Tom Lee said in an interview with CNBC, "I do not believe Bitcoin has already reached its peak."
He said, "Not only Bitcoin but also Ethereum and other crypto assets should not be assumed to have already peaked," and explained, "This year will be volatile, but overall it will be a very constructive year."
He added, "In the first half of the year, short-term turmoil may appear during institutional investors' portfolio rebalancing," and "this is likely to be a stepping stone for the large-scale rally expected in the second half."
He also gave a positive assessment of Ethereum (ETH). He said, "Ethereum is showing a trend similar to Bitcoin's 2017–2021 bull market," and "it may record notable results this year."
Tom Lee emphasized about the overall crypto asset market, "The current corrections and volatility are more a process of preparing for the next stage of gains than signals that undermine the bullish trend."
