Tom Lee: BTC has risen 100 times since he first recommended it to clients, and ETH is starting a similar supercycle.
TL;DR
Tom Lee states Bitcoin has surged 100x since his 2017 recommendation, despite multiple major drops, emphasizing the need for a HODL strategy. He believes Ethereum is now starting a similar supercycle.
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On November 16, Tom Lee, Chairman of the Board of Bitmine, the leading Ethereum holder, stated: "Bitcoin is a highly volatile asset. We first recommended Bitcoin (1%–2% allocation) to Fundstrat clients in 2017 when Bitcoin was around $1,000."
Since then (over the past 8.5 years), BTC has experienced: 6 drops of over 50% and 3 drops of over 75%. By 2025, Bitcoin had increased 100 times compared to when we first recommended it.
To profit from this 100x supercycle, you must hold onto your HODL (Hot-to-Dip) strategy during those seemingly impending crashes. Crypto asset prices reflect a massive future vision, so any skepticism will create huge volatility. We believe ETH is embarking on a similar supercycle.