Tom Lee: Dollar Weakness, Fed Dovishness Should Help Crypto; Deleveraging and Precious Metals Strength Cap BTC, ETH

BlockBeats News, January 27th, BitMine Chairman and Fundstrat co-founder Tom Lee said in an interview with CNBC, "I think cryptocurrencies were supposed to rise in a weak US dollar and Fed-friendly environment, but because the industry has already deleveraged, it did not get that kind of leverage-driven boost. At the same time, as long as gold and silver continue to rise, the market will experience FOMO (fear of missing out) sentiment, with funds more inclined to buy precious metals rather than crypto assets. However, this is certainly just a leading indicator, because in the past, after gold and silver consolidated, it often triggered the rise of Bitcoin and Ethereum."