Tom Lee, Head of Research at Fundstrat, predicts that Bitcoin will comfortably surpass the $100,000 mark by the end of 2024. He previously set a target of $150,000 for the end of this year but has reduced it to $100,000. Lee believes that Bitcoin's current market conditions align with post-halving performance and sees potential for Bitcoin under the Donald Trump-led administration. Trump has promised to create a national Bitcoin stockpile and a bill has been proposed to acquire 5% of Bitcoin's supply over the next five years. This proposal has boosted investor confidence, with Bernstein projecting a surge to $200,000 by next year.
- Content Editor ( thecryptobasic.com )
- 2024-11-19
Fundstrat Exec Sees Bitcoin Comfortably Trading Above $100K This Year