Bitcoin, Ether could make ‘monster move’ in next 3 months: Tom Lee

Bitcoin and Ether are acceptable for a immense rally successful the 4th fourth this twelvemonth acknowledgment to easing monetary argumentation successful the United States, according to Fundstrat co-founder and BitMine president Tom Lee.

Monetary liquidity sensitivity and planetary cardinal banks’ easing, on with beardown seasonality volition thrust Bitcoin (BTC) and Ether (ETH) prices, said Lee connected CNBC connected Monday. 

“I deliberation they could marque a monster determination successful the adjacent 3 months … huge.”

He added that these mightiness beryllium 1 of the “stand-out trades” for the remainder of this year, besides partially driven by the Federal Reserve reducing rates for the archetypal clip this year.

Lee compared the concern to September 1998 and 2024 erstwhile the Fed was connected an “extended pause” and chopped rates that month. “The Fed tin really reinject assurance by saying we’re backmost into an easing cycle,” helium said, adding that a complaint chopped volition beryllium a “real betterment successful liquidity.”

The US cardinal slope is expected to chopped rates by 25 ground points connected Wednesday, though futures markets predict a slim 4% accidental of a larger 50 ground constituent cut. 

Tom Lee is bullish connected BTC and ETH. Source: CNBC

Ethereum trades similar 1971 Wall Street 

When asked if BTC and Ether were inactive risk-on assets, Lee said that Bitcoin was peculiarly monetary argumentation and liquidity sensitive, portion Ether besides has elements of being delicate to liquidity.

“But it’s besides portion of this AI moving onto the blockchain and Wall Street moving onto the blockchain and that full stablecoin ChatGPT infinitesimal for crypto,” helium said earlier adding:

“So Ethereum, I think, astir trades similar 1971 Wall Street erstwhile the dollar went disconnected the golden modular and determination was a batch of innovation … Ethereum fundamentally is simply a maturation protocol.” 

Related: Ethereum is the ‘biggest macro trade’ for adjacent 10-15 years: Fundstrat

Lee closed by saying this was wherefore BitMine was aggressively acquiring Ether.

BitMine accumulates much ETH

In its latest update connected Monday, the institution revealed that it had $10.77 cardinal successful currency and crypto holdings, including 2.15 cardinal ETH.

The institution present holds $9.7 cardinal worthy of Ether, oregon astir 1.8% of the full supply. 

“The convergence of some Wall Street moving onto the blockchain and AI and agentic-AI creating a token system is creating a supercycle for Ethereum,” said Lee.

ETH prices were trading astatine conscionable implicit $4,500 astatine the clip of writing, down 2.7% connected the day, but up astir 5% since the aforesaid clip past week. 

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