Fundstrat's Thomas Lee Urges Buying Dips as Bitcoin Slips Below $67,000

Thomas Lee, chief investment officer of Fundstrat and chairman of BitMine Immersion (BMNR), told attendees at Consensus Hong Kong 2026 on Wednesday that investors should shift focus from timing an exact low to seeking entry points, encouraging buyers to look for opportunities rather than sell into volatility. Bitcoin slipped below $67,000 on Wednesday, down 2.8% over 24 hours after a rapid weekend reversal from $60,000 to above $72,000, giving up part of last week's rebound; the cryptocurrency has suffered a 50% drawdown from its October record highs, its worst correction since 2022. Lee attributed the latest weakness in crypto to heightened swings in metals, noting that late January saw gold's market capitalization fluctuate by trillions of dollars in a single day, triggering margin calls and weighing on risk assets; after bitcoin severely underperformed gold in 2025, he argued the yellow metal likely has topped for this year and bitcoin is poised to outperform through 2026, and, citing market technician Tom DeMark, said repeated 50% drawdowns since 2018 have often been followed by sharp rebounds.