Bitcoin supporter Fundstrat Global Advisors partner Tom Lee announced his new predictions.
Speaking to CNBC's Squawk Box program, Tom Lee predicted that Bitcoin could reach $150,000 in the next 12 months and $500,000 in 5 years.
“I think Bitcoin will reach $100,000-150,000 in the next 12 months.
“There is potential for a huge increase in demand with spot Bitcoin approval, so I think around half a million can definitely be reached in 5 years.”
While the real decision on spot Bitcoin ETFs is expected to be announced today, the BTC price Bitcoin is at $ 44,000.
"I think in the next 12 months #Bitcoin will reach over $100,000…maybe $150,000," says @fundstrat. "There's potentially a huge increase in demand with a Spot Bitcoin approval so I think in five years something around half a million is definitely achievable." pic.twitter.com/LvIQ2iBuYv
— Squawk Box (@SquawkCNBC) January 10, 2024
*This is not investment advice.
