Don’t Time the Market, Buy the Dip
Thomas Lee, speaking at Consensus Hong Kong 2026, has a clear message for crypto investors: stop trying to guess the exact bottom of the market and start buying now.
Despite Bitcoin currently trading around $67,000—a painful 50% drop from its October peak of $126,000—Lee views this “mini winter” as a prime opportunity. He urges investors to look for entry points rather than selling in panic.
Why the Drop Happened
Lee attributes the recent crypto crash to volatility in the metals market. He explains that massive fluctuations in gold prices triggered “margin calls” for investors, forcing them to sell off riskier assets like crypto to cover their losses. However, Lee believes gold has likely reached its peak for the year, clearing the way for Bitcoin and Ether to outperform traditional assets through 2026.
The Outlook for Ethereum
While bullish, Lee noted that Ethereum (trading around $1,950) might still have a little further to fall. Citing technical analysis, he suggested ETH might need to dip briefly below $1,800 to form a “perfected bottom” before staging a sustained recovery.
A Grain of Salt
While Lee is optimistic, his recent track record has been mixed. He previously predicted Bitcoin would hit $200,000 by the end of 2025 (it peaked at $126,000) and called for a new all-time high in January 2026, a month which instead saw prices fall.
Coindesk
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