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Tom Lee: Crypto will be the asset with the strongest FOMO effect before the end of the year; if the Federal Reserve does not raise interest rates in September, US stocks may rally strongly.

2026.09.01 10:50:12

Bitmine Chairman Tom Lee told CNBC in an interview yesterday that if the Federal Reserve holds interest rates steady in September, the stock market could see a "very strong" rally, making the Sept. 15 Fed meeting a potential turning point. Lee noted that against the backdrop of inflationary pressures and energy supply issues in 2026, the market has already priced in some rate hike expectations, and September's seasonal weakness paired with prevailing concerns might instead trigger an upside surprise. He also expressed bullishness on cryptocurrencies, stating that Bitcoin's recent rally is a "phase one" advance, institutional allocations to crypto will strengthen in the fourth quarter, and "the asset with the strongest FOMO effect between September and year-end will be cryptocurrency, especially ETH."

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