Bitcoin’s Secret Code for a Stock Market Comeback – You Won’t Believe This!
Tom Lee from Fundstrat is waving his magic wand, and guess what? Bitcoin (BTC) is telling us that the stock market is ready for a wild, glorious comeback. Hold onto your hats, folks! 🧙♂️💰
In a riveting chat on CNBC’s Squawk Box, Lee proclaimed that Bitcoin has bounced back to dizzying heights—levels not seen since before President Trump’s infamous tariff announcement on April 2nd. And that, my friends, might just be the first hint that the stock market is about to soar like a rocket 🚀.
“Oh yes, I’m pretty sure new highs are coming this year for the S&P 500,” Lee said, in a tone that’s practically bursting with optimism. “Companies have shown they can handle anything. I mean, they survived COVID, the bullwhip effect, surging inflation, and even the Fed hiking rates faster than a cheetah chasing its lunch. But guess what? They pulled through. So, why wouldn’t they survive tariffs?”
“Those things that had us all doom-scrolling, like Tesla, the Mag 7, and of course, Bitcoin, are all showing signs of recovery. In fact, Bitcoin’s already above its April 2nd level. So, if Bitcoin’s up, then the S&P 500 might just be on track to hit a cool 5,800 in the near future,” Lee added. “That’s still a nice chunk of upside, folks.” 💸
At the time of this jaw-dropping revelation, Bitcoin is trading for $93,828, but it’s taken a bit of a tumble—down by 1.8% in the past 24 hours. Meanwhile, the S&P 500 sits at 5,673, waiting for its cue to explode into the stratosphere. Who’s ready to watch this drama unfold? 🙌
Lee also spilled some juicy gossip about inflation. Apparently, the US’s inflation numbers suggest that the Federal Reserve could start slashing rates sooner than expected—potentially adding some much-needed liquidity to the market. 💸💸💸
“The Fed’s been sitting on its hands, waiting for those tariffs to make a move. But here’s the kicker—while the Fed’s waiting, the European Central Bank has been cutting rates like there’s no tomorrow, even though Europe’s got its own tariff troubles brewing. The reason? Europe doesn’t count shelter in its inflation numbers. So, if the Fed did the same, it would actually have lower inflation than Europe, and yet they’re tighter than a drum with those rate hikes,” Lee explained, shaking his head in disbelief.
“So yeah, maybe the Fed should start cutting rates already. Who knows what those tariffs will do, but hey, let’s not wait until we’re all out of options.” 🤷♂️
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2025-05-05 23:06