Bitcoin (BTC) is poised for continued growth amid supportive economic trends and political policies, according to Fundstrat Global Advisors managing partner Thomas Lee.
Speaking during a CNBC interview on Nov. 18, Lee highlighted the flagship crypto’s resilience in the face of market uncertainty, predicting sustained momentum as key market and policy developments unfold.
According to Lee:
“Bitcoin thrives when risk-taking is encouraged, and the current economic and political conditions provide a solid foundation for its continued growth.”
He added that President Donald Trump’s election victory has led to heightened optimism in the markets, with many expecting his policies to be favorable in the coming months.
Lee said:
“The Trump trade continues to align with Bitcoin’s strengths, offering significant upside potential.”
Policy-driven momentum
Lee emphasized how the “Trump trade” — characterized by deregulation, lower taxes, and a pro-business agenda — creates a fertile ground for speculative assets like Bitcoin.
He explained:
“The administration’s policies support risk-on sentiment, and Bitcoin is positioned to capitalize on this environment.”
He also pointed to dovish Federal Reserve policies as a key factor. While the central bank signaled it may slow the pace of rate cuts, Lee noted that the long-term outlook for a weaker dollar remains intact, bolstering Bitcoin’s appeal as a hedge against monetary uncertainty.
In addition, Lee highlighted Bitcoin’s technical strength, with the crypto holding key support levels despite recent market pullbacks.
He noted:
“Major indices like the Nasdaq and S&P have pulled back to support zones, and Bitcoin often aligns with this setup before a broader rally.”
Hedge against risks
Lee also emphasized Bitcoin’s unique value proposition as a decentralized and non-correlated asset, particularly in light of sector-specific uncertainties, such as regulatory reforms in healthcare under Robert F. Kennedy Jr.
According to Lee:
“Traditional sectors face significant turbulence, but Bitcoin remains insulated from these challenges, reinforcing its appeal as a hedge.”
He also pointed to upcoming clearing events, such as Nvidia’s earnings report and the announcement of a new Treasury Secretary, as catalysts for market stability. He added that these developments could further strengthen sentiment for Bitcoin and other speculative assets.
Lee concluded that Bitcoin’s fundamentals remain solid, with macroeconomic policies and market trends aligning to create a favorable environment for digital assets overall.