Tom Lee Predicts Crypto Surge, Sees S&P 500 Reaching 7,000 by Year-End

Tom Lee, chairman of Bitmine Immersion Technologies, predicts a crypto rally and further gains for the S&P 500 by the end of 2025. He attributes potential growth to Federal Reserve rate cuts and investor skepticism. Lee sees bitcoin as a reliable store of value and notes its resilience during market stress. He also expresses optimism about the US economy, citing massive investments in AI and the Fed's dovish stance. Despite a spring market slump, Lee expects the S&P 500 to climb up to another 10% by year-end.