Tom Lee: Crypto poised to surge as gold, silver rally cools

Tom Lee, Chairman of Fundstrat and Bitmine (BMNR), said on CNBC that the cryptocurrency market is likely to catch up once the rally in gold and silver prices stalls, Cointelegraph reported. He explained that as long as gold and silver prices are rising, investors driven by FOMO will concentrate on the precious metals market. However, Lee noted that historical precedent suggests a downturn in gold and silver prices would lead to a surge in the prices of Bitcoin and Ethereum. He emphasized that the current strength in precious metals is preventing cryptocurrencies from being properly valued based on their fundamentals.