The co-founder of Fustratt and Bitmin Tom Lee presenter, known for his daring predecions on Bitcoin (BTC) and the cryptocurrency market, announced that it expects a major increase in Bitcoin and Ethereum.
Addressing CNBC, Tom Lee said that Hellcts Bitcoin and Ethereum to see a major increase in the fourth quarter of this year, with the relaxation of monetary policy in the United States and the Fed interest rate reductions.
“If the Fed reduces interest rates, Bitcoin and Etareum could be the largest beneficiaries.
On this subject, I think BTC and ETH could take a huge step over the next three months. “”
Lee liked the current situation in the period in September 1998 and 2024, when the Fed took a “rolonidae”, then started to reduce interest rates in September.
“The FED can restore the confection by saying that we are back in the softening cycle. And the liquidity that accompanies the drop in rates will provide a real improvement for BTC and ETH,” said Lee.
The FED is evaluated with 94% chance of reducing interest rates by 25 basis on Wednesday, tomorrow, a basic point drop and 50 is a price with 4% chance of reducing interest rates by 50 base points.
What Tom Lee was asked for the last time when it is sensitive.
“So I think that Ethereum is negotiated as Wall Street in 1971, when the dollar came from the Order stallion and that Thre was a lot of happy innovation … Ethereum is essentially a growth protocol.”
* These are not impact advice.