Tom Lee Sees Massive Bullish Rally in Bitcoin Following Fed Hike

Fed Hike Predicts Bitcoin Rally: Tom Lee Sees 'Face Ripping' Gains

Tom Lee, head of research at Fundstrat and Chief Investment Officer at Fundstrat Capital, believes the Federal Reserve has reached peak hawkishness after the latest 25 basis point hike in interest rates.

The Federal Reserve raised its federal funds target rate to between 3.75% and 4%, but Lee thinks this is as high as it will go on inflation and interest rates.

This could lead to a softer tone from the Fed, making cryptocurrencies like Bitcoin more attractive to investors.