Tom Lee Says Bitcoin, Ethereum Thesis Is ‘Absolutely Not Broken,’ Sees $2 Million BTC
Posted On June 2, 2026
Fundstrat’s Tom Lee defended Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) on Monday, arguing crypto’s long-term thesis remains intact despite recent underperformance.
Lee On BTC and ETH
Speaking on CNBC, Lee pushed back against claims crypto’s thesis is broken after recent weakness relative to AI and software stocks.
The comments came after questions about investor frustration and reports of crypto holders “rage quitting” positions.
“If someone asks me is the thesis for Bitcoin or Ethereum broken? It’s absolutely not,” Lee said.
Lee argued crypto infrastructure becomes increasingly important as AI agents automate commerce, tokenization expands, decentralized identity systems …
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