Tom Lee: Bitcoin, Ethereum, XRP Bull Market Is ‘Intact,’ Bears Spin A ‘False Narrative’
Posted On June 9, 2026
Fundstrat co-founder Tom Lee on Monday pushed back against growing concerns over market weakness, arguing that cryptocurrencies remain in healthy long-term uptrends despite recent volatility.
Why Crypto Is Underperforming
Speaking on CNBC’s Power Lunch, Lee acknowledged that cryptocurrency investors have been disappointed this year as digital assets largely failed to participate in the enthusiasm surrounding AI-related stocks.
Over the past year, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP) slumped more than 40%.
Despite the underperformance, Lee said “Crypto is a downstream story of AI.”
He explained that increasingly powerful AI systems will require blockchain-based verification and …
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