Tom Lee Predicts BTC and ETH Rally as BitMine Builds Q4 Position
Tom Lees, the appointed Chairman of BitMine, a technology company, predicts that BTC and ETH, the leading cryptocurrencies, could witness massive gains.
He made this statement during a media interview with , commenting on which areas of the market would draw the most liquidity.
BTC and ETH, the two largest cryptocurrencies, are expected to “make a monster move in the next three months,” he said, adding that this is contingent on the Federal Reserve cutting interest rates.
Lees draws his confidence from events in September 1998 and 2024, when the Federal Reserve paused for an extended period before implementing a rate cut, which boosted certain segments of the market.
He believes this would push global banks to ease as well, directing capital into “money liquidity-sensitive” assets like BTC and ETH, which could attract this influx and drive up their prices.
This prediction aligns with earlier in the month, when he predicted that a Fed rate cut would ultimately boost the market in the final quarter of the year.
The bullish optimism tied to lower rates stems from the expectation that investors’ risk appetite will rise as borrowing costs fall. This would open them to purchaseing risk assets, including BTC and ETH, in anticipation of a rally.
Kris also believes this could encourage institutional investors, who are already active in the market, to purchase more cryptocurrency. As of press time, BTC ETFs hold $150.44 billion, while ETH ETFs hold $23.19 billion.
BitMine Positioning for a Q4 Rally
BitMine continues to position itself as a digital asset accumulator and is, in fact, leading Ether accumulation among corporate companies. As of yesterday, it
FinanceFeed reported when .  At the time of writing, it now holds 2.15 million Ether worth $9.68 billion, according to its Strategic ETH Reserve—making it the top corporate holder of the asset.
The company also holds a smaller balance in BTC, with 192 BTC worth $22 million, based on current market data.
If a market rally emerges from the expected Federal Reserve rate cut, BitMine’s holdings could surge by as much as 10%.
BTC, ETH Price Outlook
BTC and ETH have been largely quiet this September in terms of market movement.
BTC, for example, has gained just 2.44% over the past two weeks, trading at $151,121 at press time. ETH recorded a similar move, up 2.89% within the identical period according to .
Alphractal had predicted that a short-term drop could be ahead, —U.S. Economic Policy Uncertainty (EPU)—describing the situation as the begin of a recession.
