Tom Lee says crypto market nearing bottom, sees rebound on strong fundamentals

Tom Lee, chairman of Fundstrat and Bitmine (BMNR), said on CNBC's Squawk Box that the cryptocurrency market is nearing a bottom. He attributed the recent correction to a shift in funds driven by the strength of gold and silver, as well as uncertainty surrounding U.S. policy. Lee stressed that prices could recover as the fundamentals of the crypto market improve.