According to Tom Lee, managing partner of Fundstrat Global Advisors, the answer is "yes" in three areas. S & P 500 Lee said the S & P 500 has further upside into next year. He told CNBC's " Squawk Box Asia " that the cryptocurrency could soar to as high as $200,000, according to a predictive model his firm uses. "The idea is that over the next five years, we should see another log function increase in the network value of bitcoin," Lee said, referring to a metric the firm uses. China Lee said his firm is also optimistic on Chinese stocks, and urged investors to start to take an overweight position on the country.

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Persons: Tom Lee, Lee, CNBC's, China Lee Organizations: Fundstrat Global Advisors, U.S . Federal Reserve, Metrics Locations: China