Tom Lee predicts bullish dynamics for BTC and ETH in the near future

Tom Lee, co-founder of Fundstrat and chairman of BitMine, said that bitcoin BTC $115,731.00 Mezo Wrapped BTC 0.88% Market capitalization $43.04 million VOL. 24 hours $1.12 billion and ethereum ETH $4,464.85 Bridged Ether (StarkGate) -0.92% Market capitalization $0.1 billion VOL. 24 hours $1.28 billion could make a «giant move» upward in the next three months. In his opinion, the main drivers will be the easing of monetary policy in the United States, the actions of global central banks, and the seasonal factor.

The analyst believes that the expected rate cut by the Federal Reserve will be a «real improvement in liquidity» and can restore investor confidence. Lee compared the current situation to September 1998 and 2024, when the Fed also started a cycle of rate cuts after a pause.

He emphasized that bitcoin is particularly sensitive to changes in liquidity, while ethereum combines this sensitivity with the role of a «growth protocol.» According to Lee, Ethereum is now reminiscent of the situation on Wall Street in 1971, when the dollar moved away from the gold standard, opening the way for financial innovation.

BitMine, which is headed by Li, is actively accumulating ether. As of mid-September, the company held $ 10.77 billion in cash and cryptocurrency, including 2.15 million ETH worth about $ 9.7 billion, which is almost 1.8% of the total supply of the token.

«The combination of Wall Street’s entry into blockchain, the development of artificial intelligence, and the creation of a new token economy is creating a super cycle for Ethereum,» Lee emphasized.