BlockBeats News, January 18 — Tom Lee, Chairman of BitMine and Co-Founder of Fundstrat, said in an interview with CNBC, "From the overall market perspective, I think the first five trading days of January being up is good news. This is a very positive sign for the entire year and gives us more room to target the S&P 500 at 7,700 points.
The recent volatility in the financial sector, the overall market, and the crypto market over the past few days has, to some extent, reflected the impact of policy factors. Washington is trying to limit credit card interest rates, and if this policy is implemented, I believe it will have a shock on the financial industry because it will weaken financial institutions’ ability to extend credit to various types of consumers.
Meanwhile, the advancement of the ‘Clarity Act’ is very positive news for the crypto industry. The crypto market was heavily impacted in October last year, so we believe that as time passes and we move further away from the shock point, the market will experience a significant recovery.
Therefore, we are optimistic about Bitcoin. We believe Bitcoin has the potential to reach new all-time highs this year; at the same time, our attitude towards Ethereum may be more positive, and we expect Ethereum’s performance to outperform Bitcoin."
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Samourai Wallet Domain Hijacked: Scam Site Targets Bitcoin Users
A seized bitcoin privacy wallet domain has resurfaced in 2026 under criminal control, reviving a defunct project as a phishing trap targeting unsuspecting users.
U.S. Seized Crypto Domain Falls Into Scammers’ Hands, Users Warned
The domain tied to Samourai Wallet, once a well-known
Coinpedia16m ago
Why Aksel Kibar Believes Bitcoin Price Is Trap and This 'Rising Wedge' Signals Deeper Drop - U.Today
Analyst Aksel Kibar warns Bitcoin investors that the current price recovery is a technical trap within a downtrend. He identifies a "rising wedge" pattern and predicts potential declines to $60,000 or lower, advising caution against misinterpreting short-term fluctuations.
UToday2h ago
DeepSnitch AI Price Prediction: DOGEBALL and Bitcoin Hyper Investors Rally Behind DeepSnitch AI For Huge Gains As Launch Announcement and 200% Surge Fuels 1000x Projections
Recent regulatory tension in the U.S. gaming and prediction markets space has attracted investors. Legal expert Daniel Wallach indicated that a Nevada court may soon issue a restraining order against Kalshi, potentially restricting sports-related contracts.
Meanwhile, emerging projects like D
CaptainAltcoin3h ago
Over the past 24 hours, the entire network has experienced liquidations of $359 million, with long liquidations accounting for over 80% of the total.
Gate News Reports: On March 22, the total liquidation volume in the cryptocurrency market over the past 24 hours reached $359 million, with long liquidations at $293 million and short liquidations at $65.428 million. BTC liquidations reached $139 million, and ETH liquidations reached $108 million. A total of 119,490 traders were liquidated over the past 24 hours. The largest single liquidation occurred on a certain CEX's BTC-USDT-SWAP trading pair, valued at $10.0182 million.
GateNews3h ago
