Tom Lee Says ‘Don’t Abandon’ Ethereum, But ETH Plunges 6% As Gold Rallies 18%
Posted On January 29, 2026
Fundstrat’s Tom Lee urged investors not to abandon Ethereum (CRYPTO: ETH) out of FOMO, yet ETH plunged 6% on Thursday as gold and silver’s explosive rally continues.
The Gold Vortex Problem
Lee responded to a post from BitMine (NYSE:BMNR) highlighting that gold and silver surged 18% and 52% year-to-date.
The company called the moves “astounding and impressive” but warned they’re creating a “vortex” that’s sucking investor attention away from structurally strong themes like AI and crypto.
Lee’s message was direct: “Own what works. But don’t let FOMO make you abandon good ideas.”
The capital rotation issue ties back to Lee’s earlier analysis this week.
He explained that the metals rally is diverting capital from crypto because traders are tying up funds in …
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