Tom Lee Targets BMNR, MSTR, COIN as Top Picks for Ethereum-Driven Bull Run
Fundstrat's Tom Lee has identified three stocks as top picks for a fresh crypto bull run, driven by Ethereum and Bitcoin. According to Lee, BMNR (NASDAQ:BMNR) carries the highest correlation to Ethereum at 80%, while MSTR (NASDAQ:MSTR) leads Bitcoin-linked stocks at 78%. Coinbase (NASDAQ:COIN), meanwhile, tracks both assets at 74%.
Lee expects Ethereum to outperform this cycle due to tokenization and agentic AI, which he believes are far bigger drivers than previous cycles. The ETH/BTC ratio has already recovered from 0.018 to around 0.030 and entered a confirmed uptrend, according to Fundstrat.
Lee also reminded traders about the '10 best days' rule, where Bitcoin makes essentially all its gains in its 10 strongest sessions each year. If you include those days, Bitcoin returns 162% annually, while excluding them results in a negative return of 14%. Lee flagged this week as one of those 10 best days and warned that waiting for a better entry risks missing the sessions that drive the entire year's return.