Tom Lee: Market Possibly Establishing Bottoming Phase, Showing Significantly Stronger Performance Than Expected

On March 4, Tom Lee—Chairman of BitMine, the firm focused on Ethereum treasury management—told CNBC in an interview: “Nobody wants to see the U.S. get pulled into a conflict. But it’s worth noting the market has been far more resilient than expected. I don’t think anyone can say we’ve hit bottom right now, but it looks like we’re building a base—bad news keeps rolling in, yet the market’s absorbing it and holding steady. Most importantly, positions have been heavily reset.” “Looking back to last April, a simple signal was the VIX spiking above 40. It hit 80 last year, but this time it might not need to go that high. Another tell: if more panic-inducing news hits, gold keeps falling—but stocks rally that same day—it means the market’s already cleared out. I think we’re close to that point.” “We see March as a bottom-forming period. The selloff in software, the Magnificent 7, and crypto assets is about 90% done. They’re outperforming the market, which signals leadership. Even if global trade gets disrupted, you still need AI—and you still need the Mag 7. These companies’ fundamentals remain strong. Investors should be patient and cautious, holding some cash—but opportunities are emerging.”