Tom Lee Confidently Predicts Bitcoin Will Reach $200,000 by Year-End

Tom Lee, the Chairman of Bitmine Technologies, predicted that Bitcoin would “easily” reach $200,000 within this year, while the largest cryptocurrency is trading at around $113,000. Lee explained that potential interest rate cuts by the Federal Reserve (Fed) would be a key catalyst for Bitcoin’s price appreciation. Monetary Policy and Market Sensitivity In a televised interview, Lee explained that cryptocurrencies like Bitcoin and Ethereum (ETH) are susceptible to changes in monetary policy. He highlighted the upcoming Fed monetary policy meeting on September 17th as a crucial turning point for a rate cut decision and the subsequent rise of BTC source: https://beincrypto.com/tom-lee-confidently-predicts-bitcoin-will-reach-200000-by-year-end/