{"id":88947,"date":"2025-09-16T10:45:11","date_gmt":"2025-09-16T07:45:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88947"},"modified":"2025-09-16T10:52:47","modified_gmt":"2025-09-16T07:52:47","slug":"tom-lee-predicts-a-grand-rally-for-bitcoin-and-ethereum-in-the-fourth-quarter","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tom-lee-predicts-a-grand-rally-for-bitcoin-and-ethereum-in-the-fourth-quarter\/","title":{"rendered":"Tom Lee predicts a \u2018grand rally\u2019 for bitcoin and Ethereum in the fourth quarter"},"content":{"rendered":"<p>Sensitivity to monetary liquidity, global central-bank easing and seasonality will propel the two largest cryptocurrencies, Tom Lee, Fundstrat co-founder and BitMine chairman, told <a href=\"https:\/\/www.cnbc.com\/video\/2025\/09\/15\/tom-lee-ai-still-has-many-years-to-propel-earnings-surprise-and-innovation.html\">CNBC<\/a>. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI think we are in for a grand move in the next three months, truly grand,\u201d he said.<\/p>\n<\/blockquote>\n<p>He said bitcoin and Ethereum will offer \u201coutstanding investment opportunities\u201d by year-end, driven chiefly by a potential cut to the <span data-descr=\"US Federal Reserve System\" class=\"old_tooltip\">Fed<\/span>\u2019s policy rate. <\/p>\n<p>Lee drew a parallel with September 2024, when a market-friendly decision by the regulator boosted liquidity and investors\u2019 confidence in cryptocurrencies. <\/p>\n<p>At the time of writing, the digital gold is trading around $115,800. ETH is priced at $4,500.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"166\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-18dc0051461c0e84-4401200329451567-1024x166.png\" alt=\"image\" class=\"wp-image-265825\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-18dc0051461c0e84-4401200329451567-1024x166.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-18dc0051461c0e84-4401200329451567-300x49.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-18dc0051461c0e84-4401200329451567-768x125.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-18dc0051461c0e84-4401200329451567-1536x249.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-18dc0051461c0e84-4401200329451567.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>. <\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Ethereum\u2019s uniqueness<\/h2>\n<p>The Fundstrat co-founder separately commented on Ethereum\u2019s prospects. He likened the asset to Wall Street in 1971\u2014the period when the gold standard was abandoned. <\/p>\n<p>In his view, the second-largest cryptocurrency benefits from two trends: the migration of <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span> into the digital realm and the integration of artificial intelligence with blockchain. Lee called Ethereum \u201ca next-generation growth protocol\u201d and said this underpins BitMine\u2019s aggressive strategy to accumulate ETH. <\/p>\n<p>On September 15, the company said it managed more than 2 million coins worth $9.6 billion. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\uddf5<br \/>1\/6<\/p>\n<p>BitMine provided its latest holdings update: <br \/>$10.771 billion in total crypto + &#8220;moonshots&#8221; <br \/>\u2014 2,151,676 ETH at $4,632 per <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> tokens <br \/>\u2014 192 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> coins <br \/>\u2014 $214 million Eightco stake (NASDAQ-$ORBS) <br \/>\u2014 unencumbered cash $569 million <\/p>\n<p>Keep reading \ud83d\udcd5<\/p>\n<p>Link\u2026<\/p>\n<p>\u2014 Bitmine (NYSE-BMNR) $ETH (@BitMNR) <a href=\"https:\/\/twitter.com\/BitMNR\/status\/1967577261948666199?ref_src=twsrc%5Etfw\">September 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BitMine is the largest holder of Ethereum among public firms. The top three also include SharpLink Gaming and The Ether Machine, which hold 837,230 ETH ($3.7 billion) and 495,360 ETH ($2.2 billion). <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"294\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-23d694f03e5bff1b-4401234297133634-1024x294.png\" alt=\"image\" class=\"wp-image-265826\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-23d694f03e5bff1b-4401234297133634-1024x294.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-23d694f03e5bff1b-4401234297133634-300x86.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-23d694f03e5bff1b-4401234297133634-768x221.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-23d694f03e5bff1b-4401234297133634-1536x441.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/img-23d694f03e5bff1b-4401234297133634.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Top-10 largest Ethereum holders among public companies. Source: Strategic ETH Reserve. <\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Bitcoin reserves <\/h2>\n<p>Strategy reported buying 525 BTC worth $60 million over the past week. The average purchase price was $114,562 per coin. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Strategy has acquired 525 BTC for ~$60.2 million at ~$114,562 per bitcoin and has achieved BTC Yield of 25.9% YTD 2025. As of 9\/14\/2025, we hodl 638,985 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$47.23 billion at ~$73,913 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRK<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRF<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRD<\/a> <a href=\"https:\/\/t.co\/DiMeJVmEVD\">https:\/\/t.co\/DiMeJVmEVD<\/a><\/p>\n<p>\u2014 Michael Saylor (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1967559553090003246?ref_src=twsrc%5Etfw\">September 15, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company\u2019s total balance rose to 638,985 BTC, worth more than $47 billion, with a per-coin price of $73,913.<\/p>\n<p>Meanwhile, China\u2019s Next Technology Holding\u2014the country\u2019s largest bitcoin holder\u2014<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1784970\/000121390025087680\/ea0257058-s3_nexttech.htm\">announced<\/a> a $500 million share sale. Part of the proceeds will go toward buying cryptocurrency. <\/p>\n<p>The firm\u2019s digital-asset accumulation strategy differs from peers. For example, Metaplanet and Semler Scientific aim to amass 210,000 and 105,000 BTC (1% and 0.5% of the total supply, respectively) by the end of 2027. <\/p>\n<p>Next Technology sets no targets, planning to \u201cmonitor market conditions\u201d and make bitcoin purchases based on monthly assessments. <\/p>\n<h2 class=\"wp-block-heading\">Standard Chartered\u2019s warning <\/h2>\n<p>In recent months, the volume of share issuance by digital-asset treasuries (DATs) to buy cryptocurrency has <a href=\"https:\/\/forklog.com\/en\/news\/corporate-bitcoin-reserves-growth-slows-significantly\">declined<\/a> compared with previous quarters. <\/p>\n<p>According to analysts at <a href=\"https:\/\/www.theblock.co\/post\/370682\/standard-chartered-ethereum-bitcoin-solana-dats\">Standard Chartered<\/a>, the reason is the slump in the <span data-descr=\"net asset value\" class=\"old_tooltip\">mNAV<\/span> indicator at many companies, which reflects the ratio of a firm\u2019s market capitalisation to the value of its crypto reserves. A reading above 1 permits accumulation; dropping below makes expansion harder and riskier. <\/p>\n<p>The bank\u2019s experts noted that several well-known DATs have recently fallen below this critical threshold, effectively losing the ability to keep buying.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/treasuries\/crypto-treasuries\/percentage-of-supply-held-by-public-companies\/embed\" title=\"Percentage of Supply Held by Public Companies\"><\/iframe><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe recent collapse in mNAV may lead to market consolidation. Winners will be large players, companies with low financing costs and those that earn staking yield,\u201d Standard Chartered added. <\/p>\n<\/blockquote>\n<p>The analysis covered several companies, including Bitmine, Metaplanet, Sharplink, Upexi and DeFi Development Corp. Their valuations have fallen amid market saturation, investor caution and weak business models. <\/p>\n<p>If mNAV at crypto-treasury firms stays below 1, giants such as Strategy could move to acquire weaker rivals, the analysts said. In the longer term, bitcoin-focused DATs face greater risk due to the lack of staking income and an overcrowded market. <\/p>\n<p>Standard Chartered argues that reserves in Ethereum and Solana look more resilient, with the former set to benefit the most. <\/p>\n<p>Earlier, JPMorgan <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-calls-sp-500s-rejection-of-strategy-a-blow-to-crypto-treasuries\">called<\/a> the decision not to include Strategy in the S&amp;P 500 \u201ca blow to crypto treasuries\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sensitivity to monetary liquidity, global central-bank easing and seasonality will lift bitcoin and Ethereum, Tom Lee says.<\/p>\n","protected":false},"author":1,"featured_media":88948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"The main driver would be a potential cut to the Fed\u2019s policy rate.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,46,919],"class_list":["post-88947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-ethereum","tag-tom-lee"],"aioseo_notices":[],"amp_enabled":true,"views":"593","promo_type":"1","layout_type":"1","short_excerpt":"The main driver would be a potential cut to the Fed\u2019s policy rate.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88947"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88947\/revisions"}],"predecessor-version":[{"id":88949,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88947\/revisions\/88949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88948"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}