Tom Lee: It'll be 8,000 points before the end of 500

In an interview with the CNBC on 14 July, Chairman Tom Lee of Bitmine stated that it was expected that the Standard 500 would stand at 8,000 points by the end of the year, as the AI narrative remained intact. In his view, the United States share could go through a “three-phase” movement: to 7,700 points first, followed by a normal return of 10 to 15 per cent, before re-emerging and breaking 8,000 points before the end of the year. With regard to the recent decline in gold and silver, Tom Lee suggested that it was more like a profit-and-money rotation following an earlier increase, as the silver and gold performance over the last year had exceeded the value-storage role and turned into a risk asset。