Tom Lee Says Crypto Stocks Account for About 20% of Russell 1000’s Top Q3 Gainers
Summary
- Tom Lee, chairman of BitMine, said about 20% of the top-performing stocks in the Russell 1000 in the third quarter are crypto-related stocks.
- He said BitMine has risen 99% since the start of the third quarter, ranking fourth in the Russell 1000 by performance.
- Lee said strong-performing crypto-related stocks could emerge as investors’ next focus.
Forecast Trend Report by Period
Tom Lee, chairman of BitMine, said about 20% of the top-performing stocks in the Russell 1000 in the third quarter are crypto-related shares.
In a post on X on Sept. 4, Lee wrote that BitMine has climbed 99% since the start of the third quarter, ranking fourth in performance within the Russell 1000.
He added that Strategy has gained 67% to rank 12th, Circle has risen 65% to place 14th, and Bullish has advanced 55% to rank 21st. With a little more than a month remaining in the third quarter, strong-performing crypto-related stocks could become investors’ next focus, he wrote.
The Russell 1000 is a stock index composed of 1,000 large-cap U.S. companies.
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