There was talk around the digital grapevine about the grand odyssey of Bitcoin and Ether, with those two buckaroos poised to ride like the wind come the fourth quarter. According to the sage wisdom of Tom Lee, the co-founder of Fundstrat and chairman of BitMine, it’s the gentle caress of easing monetary policy in the land of Uncle Sam that might just crank up the engines of this rally.
These digital steeds, Bitcoin (BTC) and Ether (ETH), dance to the tune of liquidity sensitivity and those global central bankers playing their easing symphonies, alongside some appetite-boosting seasonality, Lee declared to CNBC on a day brighter than others.
“Oh, they could make a monster move in the next three months… huge.” The prophetic tones of Lee resounded, setting the folks on the edge of their screens.
He wagered that this might just be one of those “stand-out trades” for the rest of the year, stirred up in part by the Federal Reserve doing a sweet backflip and giving rates their maiden dip this time around. It’s like turning back the pages to that September of 1998 or summoning those vibes from 2024, he commented.
“You see,” Lee said, “the Fed can magically inject confidence back into the system by reminding us they’re promenading into this easing cycle.” A rate cut was their elixir, a “real improvement in liquidity,” he mused.
The folks over at the US central bank were all giddy about the idea of chopping rates by 25 basis points on Wednesday, though the crystal balls of futures markets showed a tiny 4% chance for a bigger slash of 50 basis points.
Ethereum and its Wall Street waltz
When nudged by curious minds about whether BTC and Ether were just taking chances with their wealth, Lee observed that Bitcoin, with its thin nerves for liquidity and monetary policies, seemed keenly aware of each ripple in the financial waters. Yet Ether slept with one eye open, aware of liquidity’s lullabies, and its dreams spilled over into AI dreams weaving into blockchain wonders, and Wall Street strolling in on this party.
“So Ethereum,” declared Lee with the nod of a wise old captain, “I reckon it almost dances like the Wall Street back in 1971, when the dollar shook off the chains of gold, and innovation ran wild like a March hare.” Ethereum, after all, was a growth protocol, sprouting ideas like a field of golden crops.
“That’s the brilliance we chase,” he sighed with that caramel note of conviction that made those around him nod their heads.
Which was why, dear friends, BitMine was reaching out with both hands and piling up Ether quite like a youngster hoards seashells.
BitMine and the tales of its ETH adventures
Monday saw another chapter of tales emerge from BitMine, revealing a treasure trove of $10.77 billion in both cash and cryptos, replete with 2.15 million units of ETH. It now guarded $9.7 billion of this magical Ether, enough to make up a bold 1.8% of the entire supply.
“With Wall Street tiptoeing into blockchain and AI and their clever cousins birthing a token economy, Ethereum’s gonna make waves every bit like a tidal wave,” said Lee with a glint in his eye.
At the crack of dawn on this tale, ETH was trading at just shy of $4,500, a little lighter on the coat by 2.7% for the day, but somehow jollier by 5% than it had been the week before – a neat little pocket of cheer amongst the waves.
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2025-09-16 08:51