While investors coming out of a tough bear market are waiting for a rally from Bitcoin and altcoins, price predictions continue to come from experts on this subject…
In this context, the final prediction came from Fundstrat Global Advisors partner and Bitcoin supporter Tom Lee.
Speaking to CNBC, Tom Lee stated that Bitcoin could experience an increase of over 500% from the current level in five years.
Stating that BTC can reach $ 200,000, Tom Lee said:
“Bitcoin is very useful. I think the financial system in the US is thought to work well for everyone. But the system works well for people with money.”
Expressing that the effect of spot Bitcoin ETF applications in the USA has been underestimated, Lee continued his words as follows:
“I think people underestimate the Bitcoin ETF and its importance. If a spot Bitcoin ETF is allowed right now, the multiplier would be one-fourth. So a one-dollar entry would have a four-dollar impact on Bitcoin's price change.
I expect the US to greenlight a spot Bitcoin ETF, and I think this will be a very important and underestimated bullish catalyst for Bitcoin.”
*Not investment advice.
