Bitcoin prices are expected to reach $150,000 in 2024, according to Tom Lee, co-founder of the analytical firm Fundstrat, in an interview with CNBC.
“I think it could be worth up to $150,000 this year. ETFs increase demand, halving reduces supply, and the monetary policy easing we expect supports risky assets and bitcoin,” he explained.
The expert believes that a correction in the cryptocurrency market is unlikely in the near future.
In the long term, Lee reiterated his January forecast of bitcoin reaching $500,000 within five years. At that time, he also stated that digital gold would hit $150,000 by the end of 2024.
“This is sound money, I think it proves its utility. It’s a great store of value, a good risky asset that is also incredibly secure,” added the Fundstrat co-founder.
He emphasized that since the creation of the first cryptocurrency, there has not been a single fraudulent entry in its blockchain.
Earlier, analysts at Matrixport suggested bitcoin could rise to $63,000 by March.
In February, Pantera Capital specialists predicted digital gold would reach $147,000 in 2025.
Early bitcoin follower Tuur Demeester speculated that the first cryptocurrency could reach $600,000 by 2026.