Tom Lee, co-founder of Fundstrat Global Advisors, who insisted on his $ 150,000 prediction for Bitcoin, said that Bitcoin will surpass gold in value and reach a market value of $ 16 trillion.
Tom Lee, one of the market's most well-known analysts, argues that Bitcoin's market value could increase by more than 1,100 percent from its current value and reach $16 trillion.
Recently, Natalie Brunell said on her podcast that many investors see Bitcoin as a more useful store of value than gold and will increasingly turn to Bitcoin.
“When we compare Bitcoin and gold, Bitcoin is more useful and logical in many respects. BTC is much more durable and useful than gold.
Because if you try to carry a million worth of gold, you'll probably need a few friends to help you carry it. However, the situation is very different in Bitcoin. In BTC, if you memorize your address, you can carry a million Bitcoins in a wallet or in your mind.
Therefore, in my opinion, Bitcoin is a much more useful hedge against possible disasters. But beyond that, of course, there are other uses. In fact, over time, it will unquestionably become quite widely used. “Maybe not for direct payments, but as a source of collateral or a type of collateral.”
Bitcoin, which has decreased by 0.5% in the last 24 hours, continues to be traded at $ 66,296 at the time of writing.
Tom Lee is known for his bullish comments on Bitcoin and his accurate prediction of the last bull market.
*This is not investment advice.