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Tom Lee: Bitcoin Could Easily Rise to $200,000 by End of Year After September Rate Cut
Summary: According to reports, Tom Lee stated in an interview with CNBC that the Fed rate cut will bring dual benefits, one being lower interest rates, especially mortgage rates possibly decreasing (with the 10-year Treasury yield spread narrowing), and the other being a boost in business confidence (ISM index has been below 50 for 31 consecutive ...
According to reports, Tom Lee stated in an interview with CNBC that the Fed rate cut will bring dual benefits, one being lower interest rates, especially mortgage rates possibly decreasing (with the 10-year Treasury yield spread narrowing), and the other being a boost in business confidence (ISM index has been below 50 for 31 consecutive months, setting a record). This is why the September Fed rate cut will provide support to the stock market, particularly benefiting small-cap stocks, financial sectors, and cryptocurrencies. Tom Lee said: I believe the potential Fed rate cut on September 17 (announced early on September 18 Beijing time) will be a significant catalyst, as cryptocurrencies typically perform well in the fourth quarter, so I think Bitcoin could easily rise to $200,000. I know this is a significant increase, almost doubling, but all of this should double.
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Link: Tom Lee: Bitcoin Could Easily Rise to $200,000 by End of Year After September Rate Cut [Copy]
