"HODL BTC, ETH," Fundstrat’s Tom Lee Urges, Here’s Why

Tom Lee, Fundstrat’s head analyst, partner, and a Bitcoin permabull known for his ambitious $BTC price predictions both short and long term, has changed his rethoric recently, adding Ethereum to his bullish crypto forecasts.

Even though the did not make any Ethereum (or even Bitcoin) price forecasts this time, he still mentioned that both these top cryptocurrencies are worth holding.

“HODL $BTC $ETH,” he tweeted, stating that their “usefulness growing in 2025 = good.”

Earlier this year, during his appearance at CNBC’s Squawk Box show, Lee shared his expectation, saying that Bitcoin could skyrocket as high as $3 million per coin in the long-term due to a large demand versus supply imbalance.

He pointed out that roughly 95% of all Bitcoin out of the 21,000,000 supply has been mined already but a lot of retail and institutional buyers still want to accumulate $BTC. As for Ethereum, Lee’s comment is likely connected to the recent passage of the so-called “Genius Act” regarding stablecoin regulation. The majority of stablecoins are launched on the Ethereum blockchain, which raises its utility.

Over the last week, Bitcoin has staged a decline of approximately 4.87%, crashing from $108,850 to the $103,500 level, where it is changing hands at the time of this writing. The fall continues after the Wednesday announcement of the Fed Reserve’s chairman, Jerome Powell, to keep the interest rates unchanged and also due to the military escalations in the Middle East that have been going for a week already.

Ethereum is down 9.24% since Monday and has displayed a decline of 15.41% since June 12, having lost $2,868. At press time, it is trading at $2,427.