Tom Lee expects U.S. stocks to drop 15%–20% before year-end rebound and Bitcoin all-time high

Tom Lee, chairman of BitMine, said on Jan. 21 he expects U.S. equities to pull back 15% to 20% this year before finishing strongly, driven by a more dovish Federal Reserve stance, BlockBeats reports. Lee told Wilfred Frost's "Investment Masters" podcast that 2026 will likely resemble 2025, with blockchain and artificial intelligence sectors benefiting from supportive conditions while tariffs and political divisions initially weigh on markets. He added that Bitcoin will set a new all-time high this year, though he did not repeat his earlier $250,000 projection.