Tom Lee: "Bitcoin and Ethereum could surge within 3 months if the Fed cuts rates"
Uk Jin
Summary
- Tom Lee, Fundstrat Global Partner, said the Fed's rate cuts could have a positive effect on Bitcoin (BTC) and Ethereum (ETH).
- He said that if the Fed cuts rates, Bitcoin and Ethereum could surge within 3 months.
- He also mentioned Nasdaq-100, small-cap stocks, and the financial sector as beneficiaries of rate cuts.
There is an opinion that Bitcoin (BTC) and Ethereum (ETH) could benefit from interest rate cuts by the Federal Reserve (Fed).
On the 16th (Korea time), Tom Lee, Fundstrat Global Partner, said in an interview with CNBC, "If the Fed cuts rates, Bitcoin and Ethereum could be the biggest beneficiaries," and "They could record a huge rally over the next three months."
He also named the Nasdaq-100, small-cap stocks, and the financial sector as beneficiaries.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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