Bitcoin, Ether could make ‘monster move’ in next 3 months: Tom Lee
Fundstrat’s Tom Lee predicts Bitcoin and Ether could surge in the fourth quarter this year on Fed rate cuts and improving liquidity conditions.
Bitcoin and Ether are set for a huge rally in the fourth quarter this year thanks to easing monetary policy in the United States, according to Fundstrat co-founder and BitMine chairman Tom Lee.
Monetary liquidity sensitivity and global central banks’ easing, along with strong seasonality will drive Bitcoin (BTC) and Ether (ETH) prices, said Lee on CNBC on Monday.
He added that these might be one of the “stand-out trades” for the rest of this year, also partially driven by the Federal Reserve reducing rates for the first time this year.