Tom Lee, chairman of BitMine, noted that the final quarter of the year could bring significant growth for Bitcoin
In an interview with CNBC on September 15, Lee stated that increased liquidity from central banks and seasonal patterns could help both cryptocurrencies appreciate in value.
He also mentioned that this potential rise could be among the most notable investment opportunities over the next few months.
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Lee pointed to the possibility of the Federal Reserve lowering interest rates soon. He said such a decision would help rebuild trust in the markets.
He compared the current situation to events in 1998 and 2024, when the Fed paused its rate hikes and then decided to reduce rates. According to Lee, rate cuts can boost confidence and provide more money flow in the system.
When asked if Bitcoin and Ethereum were still seen as high-risk investments, Lee replied that Bitcoin tends to respond to changes in monetary policy and available capital.
He also stated that Ethereum is affected by those factors, but is additionally supported by new trends, such as artificial intelligence (AI) and financial services transitioning onto blockchain technology.
Lee described Ethereum as a platform for growth, similar to how financial markets evolved after the US dollar was no longer tied to gold in the 1970s.
On September 11, Galaxy Digital CEO Mike Novogratz shared his thoughts about Bitcoin’s recent price stability. What did he say? Read the full story.
