Fed Rate Cuts Could Drive Massive Crypto Rally in Q4, Says Tom Lee
TLDR
- Tom Lee predicts Bitcoin and Ether could surge in Q4 2024 due to Fed rate cuts and improved liquidity conditions
- BitMine holds $10.77 billion in crypto assets including 2.15 million ETH worth $9.7 billion
- The company owns nearly 1.8% of Ethereum’s total supply, making it the largest corporate ETH holder
- Lee compares Ethereum to 1971 Wall Street when the dollar left the gold standard, calling it a “growth protocol”
- BitMine’s stock has rallied over 1,133% since June, following the corporate treasury model pioneered by MicroStrategy
Bitcoin miner BitMine Immersion revealed Monday it holds over $10.7 billion in crypto assets on its balance sheet. The Nasdaq-listed company owns 2,151,676 ETH worth approximately…
