Fundstrat’s Tom Lee predicts crypto could make “monster” moves in the coming months as Federal Reserve rate cuts provide tailwinds, while Standard Chartered analyst Geoff Kendrick says Ethereum (CRYPTO: ETH) treasury companies have the “highest probability of being sustainable” compared to Bitcoin (CRYPTO: BTC) rivals.
What Happened: Speaking on CNBC as Fundstrat marked its 11th anniversary on Monday, Lee described the market as “mid-cycle” rather than late-stage.
While the so-called “Magnificent 7” stocks and AI remain in play, he sees rate cuts as the real catalyst for the next leg higher.
“The Fed can …