Fundstrat’s Tom Lee Says Bitcoin (BTC) Explosion Above $250,000 This Bull Market ‘Highly Probable’ – Here’s Why

Investor Tom Lee says an additional 150% transfer for Bitcoin (BTC) on high of already large positive factors could be very seemingly.

In a brand new dialogue on the Wealthion podcast with SkyBridge Capital founder Anthony Scaramucci, Fundstrat’s head of analysis says BTC’s present technical trajectory and the incoming pro-crypto presidential administration permit Bitcoin to succeed in its huge value goal to succeed in.

“Over the subsequent twelve months, I believe one thing over $250,000 is feasible, however maybe very seemingly based mostly on following this value cycle.

The second cause why I believe Bitcoin might have extra upside than that’s as a result of the brand new authorities has been working on a pro-Bitcoin platform. can be the potential value situations for Bitcoin, as a result of if the US authorities, as meant, finally reaches a million Bitcoin, they would be the largest Bitcoin holder on the earth and they’ll exert an enormous constructive affect on the legitimization of Bitcoin.

I’d add… It is nearly like taking a playbook from MicroStrategy, as a result of MicroStrategy has confirmed that utilizing Bitcoin as a steadiness sheet asset has actually created loads of worth for MicroStrategy shareholders.”

In a current interview with Natalie Brunell, Lee mentioned that Bitcoin’s market cap may improve by about 750% from its present worth, to $16 trillion.

Lee believes traders will more and more view Bitcoin as a extra helpful retailer of worth than gold.

On the time of writing, Bitcoin is buying and selling at $95,943.

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