Tom Lee says ISM strength could set the stage for a new Bitcoin and Ethereum supercycle
Crypto Briefing
Tom Lee suggests that the ISM index rising above 50, coupled with easing monetary policy, could trigger a new supercycle for Bitcoin and Ethereum.Summary
Fundstrat's Tom Lee stated that when the ISM manufacturing index moves above 50, it has historically correlated with 'super cycle moves' for both Bitcoin and Ethereum. Lee noted that Bitcoin currently behaves sensitively to monetary policy and the business cycle, both of which are poised to improve. He specifically pointed to the end of quantitative tightening and rising liquidity as bullish indicators. Countering the typical four-year cycle expectation, Lee anticipates new highs for crypto assets as early as January, aligning with views that the traditional cycle will be disrupted.
(Source：Crypto Briefing)