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

According to BlockBeats, on September 8, Tom Lee said in an interview with CNBC that the Fed's interest rate cut will bring double positives. One is to lower interest rates, especially mortgage interest rates may fall (the spread with 10-year Treasury bonds narrows), and the second is to increase business confidence (the ISM index has been below 50 for 31 consecutive months, setting a record). That's why the Fed's interest rate cut in September will support the stock market, especially favoring small-cap stocks, financial sectors and cryptocurrencies. "I think the potential Fed rate cut on September 17 (released in the early hours of September 18 Beijing time) will be an important catalyst, and cryptocurrencies usually perform well in the fourth quarter, so I think Bitcoin can easily rise to $200,000, and I know this is a big increase, it has almost doubled, but these should all be doubled."