Fundstrat Global Advisors managing partner and head of research Tom Lee has forecasted a significant upward movement for Bitcoin and Ether in the final quarter of 2024. Lee anticipates that potential Federal Reserve interest rate cuts, combined with improving liquidity conditions in financial markets, could create a powerful bullish environment for digital assets.
According to Lee’s analysis, the expected monetary policy easing would reduce the appeal of traditional yield-bearing assets while increasing capital flow into risk-on investments like cryptocurrencies. This macroeconomic shift, coupled with Bitcoin’s inherent scarcity and Ether’s ongoing ecosystem development, positions both assets for what Lee describes as a ‘monster move’ in the coming three months.
The prediction comes amid growing institutional interest in cryptocurrency markets and increasing adoption of blockchain technology across traditional finance sectors. Lee, known for his generally bullish stance on Bitcoin, emphasizes that the combination of favorable monetary policy and strong fundamental factors could drive substantial price appreciation for both leading cryptocurrencies through year-end.
