New Bitcoin All-Time High in January, Says Tom Lee

Fundstrat’s Tom Lee remains convinced that there will be a new Bitcoin all-time record in the coming months.

“I think Bitcoin could reach an all-time high by the end of January,” Tom Lee told CNBC on Monday. “I’m quite optimistic about December, even though the first day was mixed,” he said.

The BitMine chairman added that much of it will depend on the stock market recovery, which he expects, and that a new Federal Reserve chairman “will help.”

“If people were worried about a Hawkish Fed… that also hurts crypto models, so if we have a Dovish Fed, that’s really a tailwind.”

Market losses widened when Fed Chairman Jerome Powell raised doubts about a December rate cut. However, the winds have changed and the CME futures markets are now predicting an 87.6% probability of a 0.25% cut on December 10.

Debt reduction recovery

Lee’s comments came as Bitcoin and crypto started the week deep in the red, following another leverage flush on Monday. BTC fell to $84,000, driven in part by fears about the end of the Yen Carry Trade, as Japanese government bond yields hit multi-year highs.

Bitcoin and crypto were disappointing when they were hit in October and again when the likelihood of a rate cut fell, Lee continued. Markets haven’t really recovered yet and are still reeling from the massive deleveraging, which was “not much different from the FTX wipeout in 2022… which lasted eight weeks.”

We’re coming out of that now, so maybe in a week or two crypto will be “completely washed away,” and that’s when it will start to participate, he said.

“We see multiple headwinds heading into the year, including the end of the Fed’s QT interval [quantitative tightening] and a Fed rate cut in December,” Lee tweeted after the interview, adding that fundamentals were solid, offering good risk/reward opportunities.

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Cryptocurrency prices have fallen relentlessly even as fundamentals, as measured by wallets, onchain, fees, or tokenization, have advanced

Risk/return is therefore attractive $BTC And $ETH https://t.co/yk6poVwSQ6

— Thomas (Tom) Lee (no drummer) FSInsight.com (@fundstrat) December 1, 2025

BitMine buys the dip

Lee’s BitMine Immersion Technologies remains bullish on Ethereum and will buy the dip on Tuesday, according to Arkham Intelligence. The company raised another 7,080 ETH worth $19.8 million noted.

The latest purchase brings BitMine’s total to a whopping 3.73 million ETH worth $10.43 billion. It is more than 3% of the total supply and 61.6% of the company’s treasury target. reports ARE.

Ether prices showed no signs of recovery, hovering around $2,800 at the time of writing.