Fundstrat’s Tom Lee says it wouldn’t be out of character for Bitcoin (BTC) to rally nearly 2x from current prices before 2025 concludes.
In a new interview on CNBC, Tom Lee says that he’s expecting Bitcoin and crypto assets to do well in the final quarter of this year, noting that the Federal Reserve is expected to continue cutting rates and digital assets are highly reactive to monetary policy.
Lee, who is the chairman of the Ethereum (ETH) treasury company Bitmine Immersion Technologies (BMNR), says that a $200,000 BTC by the end of the year would not be surprising, assuming a rate cut on September 27th.
He also expects ETH and small-cap equities to outperform.
“Bitcoin and cryptocurrencies like Ethereum are super sensitive to monetary policy, so I think that September 27th is an important catalyst. Crypto typically does really well in the fourth quarter, so I think Bitcoin could easily get to $200,000. I know it’s a big move, it’s almost a double…
One of the reasons Bitcoin stalled this year is the Fed has been on pause for nine months. That pause all year, if you look at an easing cycle, that’s only happened two other times: In 1998 and 2024, where the Fed began to resume cuts in the fourth quarter in September. Equities do really well. As you know, crypto is beta to equities, so I think it’s going to be a very strong fourth quarter. Small caps should also rally, like IWM, but that also is really bullish for Ethereum, which is highly linked to small caps.”
At time of writing, BTC is trading at $112,145 while ETH is valued at $4,335.
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