Bitcoin price to hit $150,000 this year - Fundstrat's Tom Lee
According to Tom Lee, Head of Research at Fundstrat, Bitcoin (BTC) investors are poised for significant gains.
Lee, known for his bullish stance on Bitcoin , claims that the digital currency is on its way to $150,000, representing a more than 130% increase from its current price of $62,600.
This one forecast could surprise holders of the cryptocurrency, which recently went through a decline after reaching record highs at just above $73,700 in early 2024.
Lee also attributed the selloff in part to concerns about the payout of amounts owed by Mt. Gox – the crypto exchange that declared bankruptcy ten years ago.
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Are retail investors returning to the Bitcoin market?However, he predicts that the impact of these payouts will diminish, leading to another significant rally for Bitcoin later this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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