Bitcoin (BTC) is poised for continued progress amid supportive financial traits and political insurance policies, in response to Fundstrat International Advisors managing associate Thomas Lee.
Talking throughout a CNBC interview on Nov. 18, Lee highlighted the flagship crypto’s resilience within the face of market uncertainty, predicting sustained momentum as key market and coverage developments unfold.
In accordance with Lee:
“Bitcoin thrives when risk-taking is inspired, and the present financial and political circumstances present a stable basis for its continued progress.”
He added that President Donald Trump’s election victory has led to heightened optimism within the markets, with many anticipating his insurance policies to be favorable within the coming months.
Lee mentioned:
“The Trump commerce continues to align with Bitcoin’s strengths, providing vital upside potential.”
Coverage-driven momentum
Lee emphasised how the “Trump commerce” — characterised by deregulation, decrease taxes, and a pro-business agenda — creates a fertile floor for speculative property like Bitcoin.
He defined:
“The administration’s insurance policies assist risk-on sentiment, and Bitcoin is positioned to capitalize on this setting.”
He additionally pointed to dovish Federal Reserve insurance policies as a key issue. Whereas the central financial institution signaled it could gradual the tempo of price cuts, Lee famous that the long-term outlook for a weaker greenback stays intact, bolstering Bitcoin’s attraction as a hedge in opposition to financial uncertainty.
As well as, Lee highlighted Bitcoin’s technical power, with the crypto holding key assist ranges regardless of current market pullbacks.
He famous:
“Main indices just like the Nasdaq and S&P have pulled again to assist zones, and Bitcoin typically aligns with this setup earlier than a broader rally.”
Hedge in opposition to dangers
Lee additionally emphasised Bitcoin’s distinctive worth proposition as a decentralized and non-correlated asset, significantly in mild of sector-specific uncertainties, similar to regulatory reforms in healthcare beneath Robert F. Kennedy Jr.
In accordance with Lee:
“Conventional sectors face vital turbulence, however Bitcoin stays insulated from these challenges, reinforcing its attraction as a hedge.”
He additionally pointed to imminent clearing occasions, similar to Nvidia’s earnings report and the announcement of a brand new Treasury Secretary, as catalysts for market stability. He added that these developments may additional strengthen sentiment for Bitcoin and different speculative property.
Lee concluded that Bitcoin’s fundamentals stay stable, with macroeconomic insurance policies and market traits aligning to create a positive setting for digital property general.