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Tom Lee stated that the market will be close to bottoming out this week, and Bitwise CIO agreed, stating that now is a "once in a lifetime long term opportunity."
On November 19, Tom Lee stated in an interview with CNBC the day before, “We are close to bottoming this market.” In response, Bitwise Chief Investment Officer Matt Hougan agreed with this view and called it a “once-in-a-lifetime long term buying opportunity.” Matt Hougan believes that investors are overly anxious about events such as AI valuations, the macroeconomy, and tariffs.