Том Ли предсказывает невероятный рост Bitcoin и Ethereum благодаря изменению монетарной политики Translation: Tom Lee predicts incredible growth for Bitcoin and Ethereum due to changes in monetary policy.

The sensitivity to monetary liquidity, the global easing of central banks’ policies, and seasonal factors are anticipated to drive the growth of the two leading cryptocurrencies. This outlook was shared by Tom Lee, co-founder of Fundstrat and chairman of BitMine, during an interview with CNBC.

“I believe we are on the verge of a significant movement in the next three months — truly monumental,” he stated.

According to him, Bitcoin and Ethereum are set to present “outstanding investment opportunities” by year-end, largely driven by a potential decrease in the Federal Reserve’s key interest rate.

Lee drew a parallel to September 2024, when a favorable regulatory decision boosted market liquidity and investor confidence in cryptocurrencies.

As of this writing, Bitcoin is trading at approximately $115,800, while the price of Ethereum is around $4,500.

The Fundstrat co-founder also commented on Ethereum’s prospects, likening the asset to Wall Street in 1971 — a time when the gold standard was abandoned.

He noted that the second-largest cryptocurrency is benefiting from two trends: the transition of traditional finance into the digital realm and the integration of artificial intelligence into blockchain technology. Lee described Ethereum as a “next-generation growth protocol” and explained that this underpins BitMine’s aggressive strategy to accumulate ETH.

On September 15, the company announced that it holds over 2 million coins valued at $9.6 billion.

BitMine is the largest Ethereum holder among public companies, with SharpLink Gaming and The Ether Machine also in the top three, owning 837,230 ETH ($3.7 billion) and 495,360 ETH ($2.2 billion), respectively.

The company Strategy reported acquiring 525 BTC worth $60 million over the past week, with an average purchase price of $114,562 per coin.

The total balance of the company has risen to 638,985 BTC valued at over $47 billion, with each coin priced at $73,913.

Meanwhile, the Chinese firm Next Technology Holding, the country’s largest Bitcoin holder, announced a $500 million stock sale, with part of the proceeds earmarked for cryptocurrency acquisition.

The firm’s strategy for building digital assets differs from its competitors. For instance, Metaplanet and Semler Scientific aim to accumulate 210,000 and 105,000 BTC (1% and 0.5% of the total supply, respectively) by the end of 2027.

Next Technology has not set specific targets, planning instead to “monitor market conditions” and make Bitcoin purchase decisions based on a monthly assessment of the situation.

In recent months, the issuance of shares by digital asset treasuries (DATs) for purchasing cryptocurrencies has declined in comparison to previous quarters.

According to analysts at Standard Chartered, this is attributed to a drop in the mNAV indicator for many companies, reflecting the ratio of a firm’s market capitalization to the value of its crypto reserves. An mNAV above 1 allows for the accumulation of assets, while falling below this level complicates and heightens the risk of expanding the treasury.

Analysts noted that several well-known DATs have recently fallen below the critical threshold, effectively losing their ability to make further purchases.

“The recent collapse of mNAV could lead to market consolidation. Larger players, companies with low financing costs, and those earning yields from staking will be at an advantage,” Standard Chartered added.

The analysis included several companies, such as Bitmine, Metaplanet, Sharplink, Upexi, and DeFi Development Corp. Their valuations have decreased due to market saturation, cautious investor behavior, and weak business models.

If the mNAV of firms holding crypto reserves remains below 1, giants like Strategy may move to acquire weaker competitors, analysts stated. However, in the long term, Bitcoin-oriented DATs face greater risks due to the lack of staking income and a saturated market.

Standard Chartered believes that reserves in Ethereum and Solana appear more resilient, with Solana being positioned to benefit the most.

Additionally, JPMorgan referred to the decision to exclude Strategy from the S&P 500 as a “blow to crypto treasuries.”