Tom Lee, Managing Partner of Fundstrat Global Advisors, stated in a CNBC interview that Bitcoin could reach $200,000 by the end of this year, particularly if the Federal Reserve reduces interest rates. Lee emphasizes that Bitcoin and other cryptocurrencies thrive in low interest rate environments, suggesting that an expected interest rate cut by the Federal Reserve on September 17 could be a significant catalyst for Bitcoin's price surge. Currently trading just above $112,000, Bitcoin had previously set an all-time high of $124,128. Lee pointed out that cryptocurrencies are sensitive to changes in monetary policy, which underpins his bullish outlook. Despite past predictions that did not align with actual price movements, such as his forecast of $125,000 for Bitcoin in 2022, he remains optimistic about the potential for rapid price increases in the current market climate. The Federal Reserve is anticipated to cut rates soon, with expectations of a .50% reduction from the current 4.25% to 4.50%.

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