{"id":10990,"date":"2024-02-24T11:08:05","date_gmt":"2024-02-24T09:08:05","guid":{"rendered":"https:\/\/forklog.com\/en\/tom-lee-predicts-bitcoin-to-reach-150000-by-end-of-2024\/"},"modified":"2024-02-24T11:08:05","modified_gmt":"2024-02-24T09:08:05","slug":"tom-lee-predicts-bitcoin-to-reach-150000-by-end-of-2024","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tom-lee-predicts-bitcoin-to-reach-150000-by-end-of-2024\/","title":{"rendered":"Tom Lee Predicts Bitcoin to Reach $150,000 by End of 2024"},"content":{"rendered":"<p>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.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Bitcoin could get as high as $150,000 this year, says Fundstrat's Tom Lee\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/4YLehfd8ZLg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;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,&#8221; he explained.<\/cite><\/p><\/blockquote>\n<p>The expert believes that a correction in the cryptocurrency market is unlikely in the near future.<\/p>\n<p>In the long term, Lee reiterated <a href=\"https:\/\/forklog.com\/en\/news\/tom-lee-predicts-bitcoin-surge-to-500000-within-five-years\">his January forecast<\/a> 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.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;This is sound money, I think it proves its utility. It&#8217;s a great store of value, a good risky asset that is also incredibly secure,&#8221; added the Fundstrat co-founder.<\/cite><\/p><\/blockquote>\n<p>He emphasized that since the creation of the first cryptocurrency, there has not been a single fraudulent entry in its blockchain.<\/p>\n<p>Earlier, analysts at Matrixport suggested bitcoin could rise to $63,000 by March.<\/p>\n<p>In February, Pantera Capital specialists predicted digital gold would reach $147,000 in 2025.<\/p>\n<p>Early bitcoin follower Tuur Demeester speculated that the first cryptocurrency could reach $600,000 by 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. &#8220;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,&#8221; he explained. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,919],"class_list":["post-10990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-tom-lee"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10990"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10989"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}