Bitmine Chairman Tom Lee told CNBC that if the Federal Reserve holds interest rates steady in September, stocks could see a "very strong" rebound. He flagged the Fed's September 15 meeting as a potential turning point for market direction. Lee said that with 2026 inflation pressures and energy supply concerns, the market has already priced in some rate-hike expectations, while September's seasonal weakness and lingering worries could actually trigger an upside surprise. Lee also offered a bullish view on cryptocurrencies, saying Bitcoin's recent rally represents the "first phase" of a larger advance. He predicted that institutional allocation will strengthen in the fourth quarter. "The asset with the most FOMO effect before September and the end of the year will be cryptocurrency, especially ETH," he said. He added that Bitcoin's move is still at an early stage, with more gains potentially ahead.
Bitmine chairman Tom Lee said in a CNBC interview that stocks could stage a "very strong" rebound if the Federal Reserve leaves interest rates unchanged in September. He called the Fed's September 15 meeting a potential turning point for markets.
Lee argued that with 2026 inflation pressures and energy supply concerns, investors have already priced in part of the expected rate hikes. That means September's seasonal weakness and lingering worries could actually produce an upside surprise.
On cryptocurrencies, Lee was also upbeat. He described Bitcoin's recent advance as the "first phase" of a rally and expected institutional allocation to strengthen in the fourth quarter. "The asset with the most FOMO effect before September and the end of the year will be cryptocurrency, especially ETH," he said.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
