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Fundstrat's encryption strategy director responds to disagreements with Tom Lee: Still optimistic about BTC and ETH hitting new highs
On December 21, news came that Sean Farrell, the head of cryptocurrency strategy at Tom Lee's Fundstrat, responded on the X platform regarding the "discrepancy between his market views and those of Tom Lee". He stated that the cautious views from the earlier part of the year reflected risk management rather than a completely bearish stance. The current market pricing is almost perfect, but risks still exist, including government shutdowns, trade fluctuations, uncertainties in artificial intelligence capital expenditures, and changes in the Fed chair. At the same time, high-yield bond spreads are tightening, and cross-asset volatility is low. Recently, fund flows have also shown divergence. The current benchmark assessment suggests that a rebound may occur at the beginning of the year, followed by another pullback in the first half of the year, providing more attractive opportunities for year-end positioning. If the judgment is wrong, I would prefer to wait for confirmation signals. For investors following this outlook, I still expect Bitcoin and Ethereum to