Bitmine’s Tom Lee Predicts Crypto Surge, Expects S&P 500 To Climb Up To Another 10%: Report – Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)
Tom Lee, chairman of Bitmine Immersion Technologies (AMEX:BMNR), anticipates a crypto rally and further gains for the S&P 500 by the end of 2025.
Optimistic Despite A Slump
During an interview on CNBC, Lee remained positive despite a spring market slump, emphasizing that Fundstrat’s year-end S&P 500 target was set at 6,600 during April’s lows. With the index currently around 6,800, he expects a typical year-end increase of about 4%, potentially reaching over 7,000, with a possibility of a 10% rise.
Lee attributes this potential growth to Federal Reserve rate cuts that began in September, a rare occurrence over the past 50 years. He also cited investor skepticism as a factor that could drive late-year market gains.
