Key Takeaways
- Tom Lee sees a rapid Ethereum rebound could be incoming.
- Lee reiterated his bullish stance on both Ethereum and Bitcoin/
- His comments come as critics on social media highlight missed short-term price forecasts.
Tom Lee said Ethereum’s price could rebound sharply following its recent selloff, arguing that historical price patterns, continued network usage and investor behavior after market declines support a rapid recovery — even as critics on social media questioned his credibility after a series of missed short-term forecasts.
In a series of posts on X on Feb. 6, Lee said Ethereum’s declines have historically been followed by swift, V-shaped recoveries, adding that sharp drawdowns often create what he described as the best entry points for both crypto and equities.
“Every recovery in ETH is V-shaped,” Lee wrote. “The faster the decline, the faster the recovery.”
An Ethereum Price Rebound?
Lee said Ethereum continues to see strong demand growth and remains central to what he described as the “future of finance,” pointing to sustained on-chain activity despite recent price weakness.
He also referenced changes in market structure, noting that Nasdaq lifted caps on the number of allowable options contracts for major Bitcoin and Ethereum exchange-traded funds earlier this year.
Lee acknowledged that many investors were unsettled by the recent sell-off but argued that market pullbacks historically present opportunities.
“The best entry points for crypto and equities come after a decline,” he wrote, adding that April 2025 marked a similar turning point for U.S. stocks following a correction.
Bitcoin History
Lee also reiterated his long-standing view that Bitcoin’s long-term performance favors investors who hold through volatility, noting that the crypto has never posted a negative four-year return.
“There has been a lot of rage quitting and people saying crypto is over,” Lee wrote.
“But BTC rewards the HODLer.”
He cautioned investors against excessive leverage during volatile periods and highlighted companies with minimal debt exposure.
Lee claimed that BitMine carries no debt and earns staking rewards on its Ethereum holdings, as well as Strategy, whose stock he said had responded positively to a strong quarterly report.
Critics Highlight Missed Forecasts
Lee’s comments come amid growing criticism of his short-term Ethereum and Bitcoin price predictions, which have drawn sharp reactions from traders and commentators on X.
The BitMine Chairman had previously forecast that Bitcoin would reach $180,000 and Ethereum would trade between $7,000 and $9,000 by the end of January.
As prices fell short of those targets, critics accused him of overpromising.
“Called for $180,000 BTC and $7,000–$9,000 ETH by end of January,” one post read.
“That’s not a miss. That’s a hallucination.”
Another user wrote that Lee had “no cred anymore,” while others said his biggest mistake was making short-term predictions rather than sticking to longer-term directional views.
Lee has defended his broader outlook, saying last month that under a scenario in which Bitcoin reaches $250,000 and Ethereum trades at its historical average ratio, ETH could rise as high as $12,000.
Long-time bitcoin skeptic Peter Schiff has also criticized Lee, pushing back against his claim that rising gold prices are bullish for Bitcoin.
“CNBC will continue to host Bitcoin shills for softball interviews,” Schiff wrote on X, “where they refuse to hold their guests accountable for their horribly wrong Bitcoin forecasts.”
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
