The post Bitcoin Could ‘Easily’ Reach $200,000 This Year, Says Tom Lee appeared on BitcoinEthereumNews.com. In brief Fundstrat Global Advisors Managing Partner Tom Lee told CNBC that Bitcoin can hit $200,000 this year. He claimed during the interview that the digital coin would benefit if the Federal Reserve cuts interest rates. Bitcoin and other digital coins and tokens have largely done well in a low interest rate environment. Bitcoin can still reach $200,000 per coin by year-end, crypto bull and Fundstrat Global Advisors Managing Partner Tom Lee told CNBC on Monday.  Lee, who has made bold predictions in the past, said that the U.S. central bank’s expected incoming interest rate cut at its next monetary policy meeting on September 17 would push the asset higher.  “Bitcoin and cryptocurrencies like Ethereum are super sensitive to monetary policy,” Lee said. “I think September 17 is an important catalyst.”  He added: “I think Bitcoin can easily get to $200,000 before the end of the year, and I know that’s a big move.”  Bitcoin was recently trading for a little over $112,000, up less than a percentage point over the past 24 hours period, CoinGecko data shows. It hit an all-time high last month of $124,128 before sagging amid investor angst about inflation, the U.S. economy and other macroeconomic uncertainties.  Lee, who is also the force behind Bitcoin miner BitMine Immersions’ Ethereum treasury strategy and serves as that company’s chair, has been right in general about Bitcoin’s rise, but wrong about the dates the coin hits price targets. In 2018, for example, the investor said that Bitcoin would hit $125,000 by 2022. The flagship cryptocurrency’s highest price that year was $47,737 before it crashed to below $16,000 after having broken a record of $69,044 in 2021.  The Federal Reserve has been slow to cut interest rates this year, despite pressure from President Donald Trump. Analysts are expecting the… The post Bitcoin Could ‘Easily’ Reach $200,000 This Year, Says Tom Lee appeared on BitcoinEthereumNews.com. In brief Fundstrat Global Advisors Managing Partner Tom Lee told CNBC that Bitcoin can hit $200,000 this year. He claimed during the interview that the digital coin would benefit if the Federal Reserve cuts interest rates. Bitcoin and other digital coins and tokens have largely done well in a low interest rate environment. Bitcoin can still reach $200,000 per coin by year-end, crypto bull and Fundstrat Global Advisors Managing Partner Tom Lee told CNBC on Monday.  Lee, who has made bold predictions in the past, said that the U.S. central bank’s expected incoming interest rate cut at its next monetary policy meeting on September 17 would push the asset higher.  “Bitcoin and cryptocurrencies like Ethereum are super sensitive to monetary policy,” Lee said. “I think September 17 is an important catalyst.”  He added: “I think Bitcoin can easily get to $200,000 before the end of the year, and I know that’s a big move.”  Bitcoin was recently trading for a little over $112,000, up less than a percentage point over the past 24 hours period, CoinGecko data shows. It hit an all-time high last month of $124,128 before sagging amid investor angst about inflation, the U.S. economy and other macroeconomic uncertainties.  Lee, who is also the force behind Bitcoin miner BitMine Immersions’ Ethereum treasury strategy and serves as that company’s chair, has been right in general about Bitcoin’s rise, but wrong about the dates the coin hits price targets. In 2018, for example, the investor said that Bitcoin would hit $125,000 by 2022. The flagship cryptocurrency’s highest price that year was $47,737 before it crashed to below $16,000 after having broken a record of $69,044 in 2021.  The Federal Reserve has been slow to cut interest rates this year, despite pressure from President Donald Trump. Analysts are expecting the…

                                                                               ETHZilla CEO McAndrew Rudisill said the company’s strategy is to deploy Ether on the Ethereum network through layer-2 protocols and tokenizing real-world assets.                     Ether treasury company ETHZilla is looking to raise another $350 million through new convertible bonds, with funds marked for more Ether purchases and generating yield through investments in the ecosystem. ETHZilla chairman and CEO McAndrew Rudisill said on Monday that the company’s strategy is to deploy Ether (ETH) in “cash-flowing assets” on the Ethereum network through layer-2 protocols and tokenizing real-world assets. A growing number of digital asset companies are moving past simply holding crypto and looking to generate yields through active participation in the ecosystem, which crypto executives told Cointelegraph in August, could help spark a DeFi Summer 2.0.Read more