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Bitmine Chairman Tom Lee forecasts that bitcoin and ether could rally sharply within three months if the Federal Reserve begins cutting rates. He also highlighted the Nasdaq-100 as a likely beneficiary.
Tom Lee: Fed Cuts Could Spark Major Moves for Bitcoin and Ethereum
Tom Lee, Chairman of Bitmine, believes the Federal Reserve’s next policy move could set the stage for a broad market rally with crypto at the center.
Speaking on CNBC’s Closing Bell, Lee said that if the Fed moves ahead with expected rate cuts, the Nasdaq-100, particularly the “Magnificent Seven” tech stocks and the artificial intelligence (AI) sector, would stand to gain. In addition, he singled out bitcoin and Ethereum, saying the two largest cryptocurrencies “could make a monster move in the next three months.”
Lee also pointed to small-cap stocks and financials as groups that could benefit significantly from a lower interest rate environment.
His remarks come as markets continue to weigh weakening jobs data and persistent inflation signals against the Fed’s stated path toward easing policy. For crypto investors, the potential for rate cuts is seen as a catalyst that could boost liquidity and risk appetite, fueling further momentum after months of sideways trading.
If Lee’s outlook proves correct, the coming quarter could be pivotal not only for equities but also for digital assets, particularly bitcoin and Ethereum, as investors reposition for a softer monetary policy backdrop.
Source >> Bitmine Chairman Predicts Sharp Crypto Rally on Fed Rate Cuts
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