Fundstrat's Tom Lee Says Crypto 'More Relevant' In AI Era, Backs BlackRock's Bullish Bitcoin Call

• With AI and robotics accelerating so fast, crypto is even more relevant today, said Fundstrat's Tom Lee.

• He echoed BlackRock's view that Bitcoin's long-term investment case remains intact even after a roughly 50% drawdown from its October 2025 high.

• Ethereum would be "the most important L1," Lee said, referring to layer-1 blockchains.

Fundstrat's Tom Lee said crypto was "more relevant today given the rapidly increasing capabilities of AI and robotics," backing up a new BlackRock (BLK) report that reaffirmed the asset manager's bullish long-term case for Bitcoin (BTC) despite a roughly 50% drawdown from its all-time high.

Lee, who heads research at Fundstrat Global Advisors along with serving as the Chairman at Bitmine Immersion Technologies (BMNR), said in a post on X on Tuesday that he agreed with BlackRock's view and anticipated "growing use cases" for crypto. He also said Ethereum (ETH) would be "the most important L1," referring to layer-1 blockchains, the base networks on which decentralized applications are built.

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Why Bitcoin Is Down: BlackRock's Case

In a report published on Monday, BlackRock explained that Bitcoin's roughly 50% pullback from its October 2025 all-time high was driven by crypto-native deleveraging and shifting investor flows rather than a breakdown in Bitcoin's long-term investment thesis.