Tom Lee: Market Possibly Establishing Bottoming Phase, Showing Significantly Stronger Performance Than Expected

BlockBeats News, March 4th, Tom Lee, Chairman of Ethereum Treasury Company BitMine, stated in an interview with CNBC, "Nobody wants to see the U.S. involved in a conflict. But it must be pointed out that the market has been much more resilient than expected. I don't think anyone can now assert that we have hit bottom, but it looks like we are building a base—bad news keeps coming out, yet the market can digest it and remain stable. More importantly, I think positions have been significantly reset."

"Looking back to April of last year, a simple signal was the VIX rising above 40. It reached 80 last year, but this time it may not necessarily go that high. Another signal is: if there is another panic-inducing news, gold continues to fall, but the stock market turns higher on that day, it indicates that the market has already cleared out. I think we are close to that stage."

"We believe March is a period of bottom formation. The decline in software, Mag 7, and crypto assets has already been completed by about 90%. They are outperforming the market, which demonstrates leadership. Even in the event of global trade disruptions, you still need AI, and you still need the Mag 7. The fundamentals of these companies remain strong. Investors need to be patient and cautious, holding onto some cash. But I think opportunities are emerging."