In a compelling keynote speech at Consensus Hong Kong 2026, Thomas Lee, the chief investment officer of Fundstrat and chairman of ether treasury firm BitMine Immersion (BMNR), urged investors to shift their focus from attempts to time the lowest market points to actively seeking investment opportunities. “You should be thinking about opportunities here instead of selling,” he advised, as the cryptocurrency market continues to grapple with volatility.
Recent market movements have seen Bitcoin (BTC) experience a staggering 50% decline from its record highs in October, marking its most significant correction since 2022. On Wednesday, Bitcoin prices fell below $67,000, reversing gains made from a brief rise to over $72,000, after dipping to $60,000 just days prior. Over the last 24 hours, Bitcoin has recorded a 2.8% drop, reflecting the ongoing uncertainty in the market.
Similarly, Ethereum (ETH) did not escape the turbulence, slipping to approximately $1,950, a decline of around 3%. Lee attributed the recent downturn in cryptocurrency prices to the fluctuations in the metals market, which have impacted various asset classes. Earlier this year, gold’s market cap saw extraordinary swings, with trillions of dollars changing hands in a single day, which not only triggered margin calls but also placed significant pressure on risk assets, including cryptocurrencies.
Lee also expressed his belief that, despite Bitcoin’s underperformance compared to gold throughout 2025, the leading cryptocurrency is set to outperform going into 2026. He cited historical patterns within the crypto market, noting that repeated 50% drawdowns of assets like Ethereum have often been followed by sharp recoveries. In this context, he referenced market technician Tom DeMark, who opined that Ethereum might briefly dip below $1,800, which could set the stage for a “perfected bottom,” paving the way for a more sustainable recovery.
Lee’s insights come at a pivotal time for cryptocurrency investors, emphasizing the importance of looking ahead and identifying opportunities rather than succumbing to panic selling amidst market corrections.
