Fundstrat’s Tom Lee Remains Bullish on Bitcoin, Predicts Massive Price Surge
Tom Lee, Head of Research at Fundstrat, is extremely optimistic about Bitcoin’s future. In a recent interview, Lee stated that the cryptocurrency could reach between $150,000 and $250,000 by the end of the year.
Looking further ahead, Lee believes Bitcoin could potentially be worth between $2 million and $3 million per unit, or even higher.
Currently, Bitcoin is trading around $105,200, with minimal fluctuations in the past 24 hours.
Bitcoin Anticipating Fed Moves, Lee Explains
Lee suggests that the market is already pricing in upcoming interest rate cuts by the Federal Reserve (Fed). The expectation is that the Fed will implement two more rate cuts this year and continue with a looser monetary policy into 2026.
“Yes, I think it’s consolidating. It makes sense. Bitcoin is responding to global liquidity, which is increasing, and I think anticipating a more ‘dovish’ Fed next year. That’s a tailwind for Bitcoin.”
When questioned about his price targets, Lee reaffirmed his prediction that Bitcoin could reach $150,000, $200,000, or even $250,000 in 2025.
Jerome Powell, Chairman of the Fed, recently indicated that the U.S. economy is progressing towards its inflation and employment goals.
Bitcoin Could Reach $3 Million, Tom Lee Asserts
While a doubling in price by 2025 is already a bold prediction, Tom Lee went even further, suggesting that Bitcoin could increase in value thirtyfold in the long term. He argues that Bitcoin is a superior asset to gold and, therefore, should be worth more.
“I believe that, at a minimum, it should have the same network value as gold. And if you look at above-ground gold, it’s probably worth about $23 trillion. That would give you $1.2 million per Bitcoin. But I think Bitcoin is more valuable than gold. So, Bitcoin could be worth $2 million, $3 million in the long run. Maybe even more.”
Lee also highlighted that “95% of all bitcoins have already been mined, but 95% of the world does not yet own Bitcoin.” He believes this represents a significant imbalance between supply and demand.
“There are many more potential buyers of Bitcoin in the next 10 years,” he commented. “That’s why I believe there is a lot of potential for appreciation by the end of the year.”
Looking ahead to 2035, Bitcoin will have undergone two more halvings, and the mining reward will be just 0.78125 BTC per block. This could be another crucial factor influencing its value.
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