Why Bitcoin's Rally Is Just Getting Started | Tom Lee

154 snips

Oct 23, 2025

Tom Lee, Co-founder of Fundstrat and crypto investment strategist, shares his insights on the current market dynamics. He argues that AI is driving productivity, not a bubble, and links gold's rise to Bitcoin's potential value surge. The discussion covers how traditional economic data may be misleading and why retail investors are currently outperforming hedge funds. Lee envisions Ethereum as a crucial institutional layer and emphasizes the innovative potential of crypto markets over traditional finance.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

INSIGHT

AI Spending Is Showing Real Payoff

AI spending is accelerating and delivering payoff, so current valuations may still be justified.
NVIDIA is uniquely scarce for AI and trades at a reasonable forward PE versus many consumer businesses.

INSIGHT

Valuations Shift With Macro And Earnings Mix

Valuations change with macro regimes; higher nominal rates historically coincided with rising PEs when earnings accelerated.
Today's recurring-revenue firms justify higher multiples compared with past cyclical earnings mixes.

ADVICE

Combine Themes To Reduce Risk

Build portfolios around multiple overlapping long-term themes rather than single-theme bets.
Fundstrat's Granny Shots buys large-cap stocks that fit at least two of seven super-cycle themes to reduce idiosyncratic risk.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Tom Lee is the Co-Founder at Fundstrat, CIO of Fundstrat Capital, and Chairman of BitMine. In this episode, we dive into whether AI is a bubble, why this may be the most hated stock market rally in history, and how misleading economic data shapes investor sentiment. Tom also shares his latest views on Bitcoin, Ethereum, and why innovation in crypto markets is starting to outpace traditional finance.

======================

Check out my NEW show for daily bite-sized breakdowns of the biggest stories in finance, technology, and politics: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://pompdesk.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

======================

As markets shift, headlines break, and interest rates swing, one thing stays true — opportunity is everywhere. At Arch Public, we help you do more than just buy and hold. Yes, our dynamic accumulation algorithms are built for long-term investors… but where we really shine? Our arbitrage algos — designed to farm volatility and turbocharge your core positions. The best part of Arch Public’s products is they are free! Yes, you heard that right, try Arch Public for free! Take advantage of wild moves in assets like $SOL, $SUI, and $DOGE, and use them to stack more Bitcoin — completely hands-free. Arch Public is already a preferred partner with Coinbase, Kraken, Gemini, and Robinhood, and our team is here to help you build smarter in any market. Visit Arch Public today, at https://www.archpublic.com, your portfolio will thank you.

======================

In this episode, Pomp spotlights easyBitcoin.app—the app that pays you 1% extra on recurring buys, 2% annual bitcoin rewards, and 4.5% APY on USD. Download it now for iOS or Android at https://easybitcoin.onelink.me/F1zP/klc4v1p8 and start earning today. Your capital is at risk. Crypto markets are highly volatile. This content is informational and not financial advice.

======================

Timestamps:

0:00 - Intro
2:05 - Is AI a bubble?
5:31 - Stock market fundamentals vs macro
8:53 - Inside Tom Lee’s “Granny Shots” ETF
13:28 - The rise and impact of humanoid robots
19:22 - Why economic data is broken
23:35 - Prediction markets and tokenized finance
28:25 - Breakout crypto products
34:32 - Gold vs Bitcoin
38:30 - Is the bitcoin 4-year cycle over?
42:32 - The most hated stock market rally?
46:43 - Ethereum supercycle and BitMine
54:39 - 2026 market outlook
56:38 - Retail activism and Opendoor