Latest news with #FundstratGlobalAdvisors
Yahoo
09-07-2025
- Business
- Yahoo
Wall Street analyst points one major asset missing from most portfolios
Wall Street analyst points one major asset missing from most portfolios originally appeared on TheStreet. Tom Lee has seen market cycles come and go. But when it comes to one asset class, he believes most investors are still early — and dangerously underexposed. In a new conversation, the veteran strategist made a bold comparison, likening today's adoption levels to the internet circa 1996.'95% of investors have zero Bitcoin exposure. So you're still way ahead if you're buying Bitcoin today. If you look at Bitcoin wallets, comparing it to the Internet, we're back to 1996 levels. The Internet went exponential from 1996. So it's still the earliest days.' Tom Lee is the co-founder and head of research at Fundstrat Global Advisors, a market strategy and research firm. He's a well-known Wall Street analyst with decades of experience covering equities and macro trends. Lee gained recognition for making bold, often early, calls on market cycles — including bullish forecasts on tech and digital assets. For context: back in 1996, less than 1% of the world had access to the internet. Email was still a novelty, websites loaded line-by-line, and few could have imagined what a trillion-dollar digital economy would look like. In his view, the current financial system is sitting at a similar inflection point — and some investors are still treating it like a passing fad. Lee sees the need for secure, trustless systems accelerating in a world where 'nothing is real' — from deepfake voices to AI-generated content. 'I think Bitcoin is very useful, because in the future we're not going to be able to trust anything. There's nothing secure anymore. We can sample your voice… You'll never know what's true anymore. You need to be able to trust a system. The Bitcoin blockchain is the most trusted blockchain.' For institutional players, he believes the writing is already on the wall. 'That's why the United States wants to have a million Bitcoin, US companies are buying Bitcoin [and] banks will soon carry Bitcoin as collateral.'In other words, the so-called 'early majority' may be closer than it looks. Lee didn't stop there. He also pointed to the infrastructure behind stablecoins — which are mostly built on the Ethereum network — as another driver of future growth. 'Stablecoins run on Ethereum. As stablecoins explode…Ethereum is the backbone for stablecoins. So I think Ethereum is going to make a big comeback.' That view is already playing out in the market. As of writing, Ethereum is trading around $2,608, up nearly 3% on the day, while stablecoin supply has quietly expanded over the past 12 months — especially in countries where inflation is high or banking systems are unstable. Wall Street analyst points one major asset missing from most portfolios first appeared on TheStreet on Jul 9, 2025 This story was originally reported by TheStreet on Jul 9, 2025, where it first appeared.
CNBC
07-07-2025
- Business
- CNBC
Is bitcoin price stalling at $100,000? ETF experts debate next crypto trades
After topping $111,000 in May, bitcoin has not been able to break out significantly above the $100,000 range. Some investors may simply be cashing in their chips, according to Tom Lee, managing partner and head of research at Fundstrat Global Advisors, with investors who bought into the coin during much earlier stages of its history now sitting on huge gains. "We have clients that have bought bitcoin at $100," Lee said on a recent edition of CNBC's "ETF Edge." "They don't care if bitcoin goes to a million; they are probably sellers at around $100,000," he said. Even if bitcoin is running into resistance at the $100,000-$110,000 level, other bets in the crypto market have taken off, including the digital assets infrastructure providers, such as Coinbase, which rose by 40% in June, its best month since last November. It was also the only stock in the S&P 500 to double in the second quarter, on top of finishing the quarter with its first three-month rally since 2023. Among the reasons for the boost in the crypto exchange shares, even as the price of bitcoin has stalled: the passage of the Genius Act by the Senate, the success of the Circle IPO, and the recent surge in bullishness about stablecoins. With other cryptocurrencies that have stalled in trading this year, such as ether and solana, investors who have no plans to sell crypto holdings can still put them to work via staking, and it may be a good option during a period when the price isn't gaining in the short-term. Staking allows investors to not only participate in the growth of a coin's value but also be paid for its use within the decentralized financial (DeFi) system that allows people, businesses, or other entities to transact directly with each other. "You can actually generate significant yields," said Dave Nadig, an independent ETF expert and futurist, on "ETF Edge." He added that the income generated from staking is often "a few points above" what an investor might gain from a more typical fixed-income instrument. In some ways, it is a crypto version of a high-interest savings account, but with one key difference being it is not handled by banking institutions but the crypto exchanges and networks, and this has led to issues with regulators in recent history. When you stake crypto, you contribute to the running and security of decentralized networks like ethereum and become a "validator" on the blockchain. Big players in the financial markets, such as BlackRock, do believe in opportunity for staking to grow this year. Robinhood's Johann Kerbrat, general manager of the brokerage company's crypto division, recently spoke to CNBC about its ethereum and solana staking push. "When we talk about mass adoption, this is what it looks like," Kerbrat said of staking and other recent additions to its crypto services. Other investors may be trading in their direct holdings in crypto for ETFs that now offer the same crypto market exposure. "Let's be honest, it's a whole lot easier to transact. It's a lot cheaper as well," said Nadig. Buying the cheapest ETF right now is cheaper than direct cash-to-coin transactions, with some ETF providers waiving all management fees to stoke more early adoption of their recent crypto portfolio editions. For example, VanEck's Bitcoin Trust (HODL) has waived all fees until it reaches $2.5 billion in assets, through January 10, 2026. "Effectively, bitcoin moved from one wallet to another wallet, the wallet now being ETF," Nadig said. The iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) have seen the most action this year overall, with over $15 billion and $2 billion, respectively, of net inflows to the crypto ETFs, as financial advisor and retail investor adoption grows. The company has been waiving a portion of the management fee on the ethereum ETF for up to $2.5 billion in assets, with the 0.25% expense ratio knocked down to 0.12%. Meanwhile, Van Eck has also waived fees on its Van Eck Ethereum ETF (ETHV) until it reached $1.5 billion in assets through July 22 of this year. Disclaimer
Business Insider
07-07-2025
- Business
- Business Insider
The stock of a small crypto miner soared 3,000% in a week on a plan to amass a trove of ethereum
No profits, no problem. Just add Ethereum. That's the strategy BitMine Immersion Technologies is following. The blockchain infrastructure company, which specializes in crypto mining and digital asset management and reported a net loss in the three months through May 31, surged 3,000% in the five trading days ending July 3 after raising $250 million to add Ethereum to its balance sheet. BitMine sold more than 55 million shares to a group of crypto and venture investors at $4.50 apiece on June 30. The company plans to use the proceeds to buy ethereum as the company's primary treasury reserve asset. The company also appointed Tom Lee, managing partner and head of research at Fundstrat Global Advisors, as the Chairman of the Board of Directors. The stock is up almost 1,600% year-to-date despite not being profitable. However, the Ethereum-inspired rally is proving to be volatile: the stock began falling after market open on Monday, dropping 25% from its Thursday close of $136. An Ethereum treasury reserve The company is taking a page from Michael Saylor's Strategy playbook by creating a crypto treasury reserve. While many companies have mimicked Strategy by loading up on bitcoin, an Ethereum-focused treasury purchase plan is still rare. While BitMine will continue to focus on its primarily bitcoin-dominated business operations, the company is betting that Ethereum will become more mainstream. With stablecoins playing a growing role in the crypto ecosystem, BitMine is positioning itself as an early investor in the infrastructure behind them. Unlike bitcoin, Ethereum allows programmable tokens, which are a key feature for the smart contracts that power stablecoins. Ethereum runs on "proof of stake," which allows users to earn rewards by locking up their holdings to help validate transactions and secure the network. Bitcoin, on the other hand, still relies on "proof of work," where miners use energy-intensive computers to solve cryptographic problems to mint new bitcoins. Ethereum hosts over half of existing stablecoins, making the crypto critical to the stablecoin ecosystem. According to the investment platform AInvest, 30% of Ethereum's transaction fees are generated by stablecoins. US Treasury Secretary Scott Bessent predicts that the $250 billion stablecoin market could expand to over $2 trillion in the next three years, meaning that Ethereum is positioned to receive an outsized benefit from the industry's growth, Tom Lee said. "That is really the backbone and architecture of stablecoins," Lee said of Ethereum on CNBC on June 30. "It's important to create a project that essentially accumulated Ethereum to essentially protect and have some influence on the network," Lee added. "The more Ethereum that's accumulated, the more secure the network is." Ethereum has lagged bitcoin's big bull run in recent years. The second-largest cryptocurrency has fallen from its 2021 high, dropping 23% in 2025. But with increasing stablecoin tailwinds through a crypto-friendly administration, the GENIUS Act, and more mainstream adoption, BitMine is betting that Ethereum can achieve bitcoin-level success.
Yahoo
25-06-2025
- Business
- Yahoo
Nvidia stock closes at new all-time high
Nvidia (NVDA) shares closed 4% higher, ending the day at a new record high. Asking for a Trend Anchor Josh Lipton and Fundstrat Global Advisors managing director and global head of technical strategy Mark Newton discuss the chip giant's rise. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. AI powerhouse Nvidia surging to an all-time high, pushing that company's market cap to about 3.77 trillion dollars. Now cements the company as one of the most valuable companies in the world. That stock grows about 4% to 15431. The record is only the latest milestone for the company has risen more than 60% off an April low. Recent earnings, strong sales were catalyst for bullish sentiment for the tech darling, but today's gains Nvidia stands as the world's largest stock. It was interesting, Mark, we were talking earlier the team at Loop Capital, they put out a note, maintain their buy, they took the target at 250 per Bloomberg. That's a street high, and they told their clients, Nvidia remains essentially a monopoly for critical tech, and it has pricing and margin power. I'm curious though when you look at the charts of Nvidia, what do the technicals tell you? Well, it's a new all-time high. It's very difficult to sell a stock like that. I mean, it's up 28% in the last three months, and actually, that's more than it's been up in the last year. So people were called the stock peaked out last summer and went sideways for a period of time, and that's a lot of these, you know, mag 7 fang stocks do, and then when they start to ascend again and break out to new highs, it generally pays to follow that move. And so, you know, my technical target is right around 165 and then 180. 250 for me would be aggressive, but I do sense that it can continue likely up into the month of August. Uh the fall might be a time when when generally market, you know, we might do we see some consolidation, but uh I don't see it yet. I I see that Nvidia is able to power the semiconductor sector. Now we have great results out of Micron, of course, what we discussed earlier, and AMD, they're all you know, surging in a way that really makes semis quite attractive here, and and I still love technology, so uh it's right to stick with it. All right, quite attractive. We'll leave it there. Thank you, Mark. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
23-06-2025
- Business
- CNBC
Fundstrat's Tom Lee says he is not surprised by market's resilience after U.S. attack on Iran
The market's mild reaction to the United States' bombing of Iran over the weekend isn't all that unexpected, according to investor Tom Lee. The major averages were mostly steady on Monday, even after the United States entered Israel's war against Iran by striking three Iranian nuclear sites. Stocks were last trading around the flatline. Oil prices were also lower for part of the session but remained well below the highs reached overnight. "In some ways it's not a surprise," the co-founder and head of research at Fundstrat Global Advisors said on CNBC's " Squawk on the Street ." Lee cited longtime New York Stock Exchange floor trader Art Cashin's adage to "sell the buildup, buy the invasion." "I think today's an example of that," he continued. "Markets were kind of already nervous and anxious, and we've already saw derisking, and the [Cboe Volatility Index (VIX)] was already elevated. So I think in some ways, this is probably pretty typical." .SPX 1D mountain SPX intraday The VIX, known to many as Wall Street's Fear gauge, traded around 21, touching levels not seen in about a month. Lee said that Monday's moves actually strengthen the case for stocks to perform better in the latter half of the year. "At the start of this year, we would have said the U.S. bombing a nuclear facility is a 'Black Swan.' Oil would be $120, stocks should be down 10%," he added. "And then we have the event, and oil is not really surging, ... So I'd almost say that you put another stress test into the market, we've seen it pass it, and I think it means stocks should do pretty well into year's end."
