Tom Lee: After the interest rate cut in September, Bitcoin could easily rise to $200,000 by the end of the year

ChainCatcher news, according to Bitcoin Magazine, Tom Lee stated in an interview with CNBC that the Federal Reserve's interest rate cut will bring dual benefits. First, it will lower interest rates, especially mortgage rates, which may decline (as the spread with the 10-year Treasury bond narrows). Second, it will boost business confidence (the ISM index has been below 50 for 31 consecutive months, setting a historical record). This is why the Federal Reserve's interest rate cut in September will support the stock market, particularly benefiting small-cap stocks, the financial sector, and cryptocurrencies.

Tom Lee said: "I believe the potential Federal Reserve interest rate cut on September 17 (announced in the early hours of September 18 Beijing time) will be an important catalyst. Cryptocurrencies typically perform well in the fourth quarter, so I think Bitcoin can easily rise to $200,000. I know this increase is significant and nearly doubles, but these should all double."