Tom Lee said he believed markets had bottomed, citing tight AI capacity and limited crypto-price impact from a reported Binance loss, according to a Nov. 2 BlockBeats account of a CNBC interview.
Lee’s reasons
Lee said the AI market was not showing overcapacity and that political constraints had slowed capital spending without creating a market top. He also argued that the reported $6.3 billion Binance loss had barely pushed cryptocurrency prices lower.
“The bottom” was Lee’s stated opinion in the interview, not an independently verified market call or a price forecast. BlockBeats’ account and the original interview were not independently reviewed.
Source: BlockBeats account of Tom Lee’s CNBC comments, published Nov. 2, 2026, at 14:44 UTC. Chinese source.