Lee Sees Surprise Crypto Upside Amidst Fed Rate Hike Fears

Fundstrat's Tom Lee believes that the crypto market could surprise to the upside despite growing fears of Federal Reserve rate hikes. In a recent interview, Lee noted that September is typically a weak month for markets due to concerns about upcoming economic data and events.

The key event will be the Fed meeting on September 15th, which could lead to a hold in interest rates at their current level of 3.50-3.75%. If this happens, Lee expects a strong rally in the market.

Lee specifically mentioned that he thinks Ethereum (ETH) will see significant FOMO (fear of missing out) in September and into year-end.