Tom Lee says Bitcoin and Ethereum will recover once the gold and silver FOMO cools, with weaker dollar and Fed easing set to boost crypto.
Summary
- om Lee says FOMO in record-breaking gold and silver is draining liquidity from Bitcoin, Ethereum and wider crypto.
- He argues past pullbacks in precious metals often coincided with upside in BTC and ETH as capital rotated back into digital assets.
- Lee expects a weaker dollar and easier Fed policy to unlock fundamental upside for cryptocurrencies once metals’ momentum stalls.
Tom Lee, head of research at Fundstrat Global Advisors, stated that cryptocurrencies will begin recovering once the current rally in gold and silver prices subsides, according to comments made on CNBC’s Power Lunch program.
Lee maintained a bullish outlook for Bitcoin (BTC) , Ethereum (ETH), and other cryptocurrencies despite recent market declines. The analyst said digital assets have been overshadowed by precious metals, which have reached record highs in recent trading sessions.
Bitcoin and Ethereum price poised for breakout: Lee
According to Lee, investors driven by fear of missing out have shifted focus toward gold and silver while the precious metals rally continues, moving capital away from Bitcoin and other cryptocurrencies. He predicted that a stall in gold and silver price appreciation would trigger a rebound in cryptocurrency markets.
Lee cited historical patterns showing that declines in precious metal prices have corresponded with increases in Bitcoin and Ethereum valuations. The analyst noted that the current strength in precious metals markets is preventing cryptocurrencies from being valued based on their fundamental characteristics.
The Fundstrat executive added that cryptocurrency prices would likely rise if the U.S. dollar weakens and the Federal Reserve pursues monetary easing policies.
Bitcoin traded at approximately $94,000 as of recent sessions, according to market data, following a decline from previous highs earlier this year.
Ethereum’s price outlook remains range-bound but asymmetric: spot is struggling to hold the $3,000 level, yet most 2026 forecasts cluster around $3,000–5,000 with upside spikes toward $6,000+ if network upgrades, ETF flows, and broader risk sentiment turn supportive, while failed holds of the $2,700–2,800 support band keep a slide toward the mid‑$2,000s on the table.