Macro tailwinds from today's expected 25 basis point Fed rate reduction would lower borrowing costs and improve liquidity, therefore favoring higher-beta assets like Ethereum. Lee emphasizes contained inflation and geopolitical stability as essential for risk assets. With ETFs connecting Ethereum to conventional portfolios, he generally sees institutional adoption confirming it as the basis of on-chain finance. Notwithstanding rivalries, Ethereum's DeFi leadership and upgrades make it ready for a change from speculation to practicality, so supporting consistent BTC outperformance.
