New statements came from Tom Lee, co-founder of Fundstrat Global Advisors, who insisted on his $150,000 prediction for Bitcoin (BTC).
Appearing on CNBC’s Squawk Box, Tom Lee said that Bitcoin will rise with increasing interest, strong bullish momentum, and supportive positive regulations.
At this point, Lee said he is ready for $100,000 in 2024 thanks to these three factors.
Tom Lee also said that Bitcoin could help close the US fiscal deficit.
The famous name points out that it would be extremely difficult to rely solely on increasing tax revenue and reducing government spending to close the US fiscal deficit, and that BTC will help close this gap.
“It will be very difficult to close the gap just by making changes to taxes and spending.
Bitcoin is potentially a Treasury reserve asset. In that sense, if the US adopts Bitcoin and its price increases, the more it helps offset the fiscal deficit.”
*This is not investment advice.
