Fundstrat’s Tom Lee called Bitcoin’s 50% drawdown a “crypto squall” rather than a structural collapse, arguing technology and crypto sectors could revive as tariff uncertainty lifts. The Squall vs. Winter Thesis: Lee told CNBC on Friday that Bitcoin’s decline stems from macro shocks, not fundamental weakness in blockchain networks. He pointed to parabolic growth in Ethereum (CRYPTO: ETH) daily transactions, accelerating tokenization, and Wall Street integration as evidence the market is expanding. “Crypto suffers mainly because gold has done so well, attracting risk appetite away from speculative assets,” Lee said. ... (full story)