Mark Cuban Is ‘Right’ About Bitcoin, But Dumping His Coins Is Like ‘Rage-Quitting,’ Says Tom Lee: ‘Always Happens At The End Of Crypto Winter’

Wall Street strategist Tom Lee framed Mark Cuban’s sale of Bitcoin (CRYPTO: BTC) as a sign of “rage-quitting,” the kind of move that, according to him, typically happens at the end of cryptocurrency winter

A Sign Of Bottom?

During an interview with CNBC, Lee partially agreed with Cuban’s rationale that Bitcoin hasn’t acted the way it was supposed to.

“I think Mark is right. Crypto has been disappointing because crypto should move with equity markets, and it should be rallying with software. Software is really starting to rally big, and crypto hasn’t moved,” Lee said.

However, Fundstrat’s head of research viewed the move as “rage quitting” — people selling because they sense something is “wrong” with cryptocurrency.

“I think that’s what always happens at the end of crypto winter,” Lee said.