Summary
- Tom Lee, chairman of Bitmain, said a rate cut by the U.S. Federal Reserve could cause Bitcoin and Ethereum to surge.
- He said that in the event of a rate cut, Bitcoin, Ethereum, and the Nasdaq 100 would be the biggest beneficiaries.
- Tom Lee said a surge within three months would appear after the rate cut.
There are claims that if the U.S. Federal Reserve (Fed) cuts the benchmark interest rate, Bitcoin (BTC) and Ethereum (ETH) could surge.
On the 16th (local time), Tom Lee, chairman of Bitmain, said in an interview with CNBC, "If the U.S. Fed cuts rates, Bitcoin, Ethereum, and the Nasdaq 100 could be the biggest beneficiaries," and "A surge will appear within three months."
Meanwhile, the U.S. benchmark interest rate will be announced at 03:00 on the 18th (KST).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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