Lee Flags 'Top Picks' for Fresh Crypto Bull Run Amid Key Week
Tom Lee, co-founder of Fundstrat, has identified three large-cap crypto stocks that he believes are strong proxies for Ethereum (CRYPTO: ETH) and Bitcoin (BTC). BMNR (NASDAQ:BMNR), MSTR (NASDAQ:MSTR), and Coinbase (NASDAQ:COIN) have the highest correlations to these cryptocurrencies, with BMNR being the strongest proxy for Ethereum at 80%.
Lee expects Ethereum to outperform this cycle due to tokenization and agentic AI, which he believes are bigger drivers than previous cycles such as ICOs, NFTs, and stablecoins. The ETH/BTC ratio has already recovered from 0.018 to around 0.030 and entered a confirmed uptrend.
Lee also reminded traders of Fundstrat's '10 best days' rule, which states that Bitcoin makes essentially all its gains in its 10 strongest sessions each year. This week was flagged as one of those 10 best days, with Lee warning that waiting for a better entry risks missing the sessions that drive the entire year's return.
BMNR has punched through the upper rail of an ascending channel and cleared the 200-day EMA at $22.04, marking a structural shift in trend. A pullback into $22 to confirm the 200-day EMA as support would not be unusual given the stretched RSI reading.