{"id":83186,"date":"2023-08-17T11:12:44","date_gmt":"2023-08-17T08:12:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83186"},"modified":"2025-09-12T09:39:31","modified_gmt":"2025-09-12T06:39:31","slug":"tom-lee-bitcoin-price-could-breach-150000-after-etf-approval","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tom-lee-bitcoin-price-could-breach-150000-after-etf-approval\/","title":{"rendered":"Tom Lee: Bitcoin price could breach $150,000 after ETF approval"},"content":{"rendered":"<p>If the U.S. Securities and Exchange Commission (SEC) gives the green light to a Bitcoin ETF, the first cryptocurrency could break through the $150,000 mark and approach $180,000. Tom Lee, co-founder of Fundstrat, said.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/ir8jYyrBY5s\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>Gold-backed ETFs have proven themselves on an international scale, but US backing will be the linchpin for the domestic crypto industry, the expert added.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;When the spot Bitcoin ETF is approved, I think demand for it will outpace the daily supply of the asset itself,&#8221; he explained.<\/p>\n<\/blockquote>\n<p>Earlier, in February 2022 the businessman <a href=\"https:\/\/forklog.com\/en\/news\/tom-lee-identifies-drivers-behind-bitcoins-ascent-to-200000\">stated<\/a> expectations of a &#8216;huge&#8217; influx of speculative capital into cryptocurrency. However, a few months later he <a href=\"https:\/\/forklog.com\/en\/news\/tom-lee-says-speculative-activity-in-crypto-markets-is-not-high-enough\">called<\/a> the level of such funds in the market insufficient.<\/p>\n<p>On June 15, BlackRock <a href=\"https:\/\/forklog.com\/en\/news\/blackrock-files-for-bitcoin-etf-launch\">filed<\/a> with the SEC for a spot Bitcoin ETF. Following the financial giant, similar requests were submitted by <a href=\"https:\/\/forklog.com\/en\/news\/valkyrie-seeks-to-register-a-spot-bitcoin-etf\">Valkyrie<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/fidelity-investments-files-for-spot-bitcoin-etf\">Fidelity Investments<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/wisdomtree-and-invesco-file-applications-to-launch-bitcoin-etfs\">WisdomTree and Invesco<\/a>.<\/p>\n<p>The head of Fundstrat also highlighted the link between digital assets and the broader monetary environment. In his view, stabilising inflation could pave the way for looser market conditions.<\/p>\n<p>This, in turn, could prompt central banks to ease regulatory pressure, creating a favourable backdrop for cryptocurrencies.<\/p>\n<p>Lee noted that the current core inflation in the United States at 4.65% is driven by high readings in the housing market. He forecast that by mid-2024 the figure will fall below 2%.<\/p>\n<p>FSInsight, the firm founded by Lee, <a href=\"https:\/\/forklog.com\/en\/news\/fsinsight-analyst-forecasts-bitcoin-to-reach-200000-in-2022\">predicted<\/a> that the first cryptocurrency would reach $200,000 in the second half of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If the U.S. Securities and Exchange Commission gives the green light to a Bitcoin ETF, the first cryptocurrency could break through the $150,000 mark and approach $180,000, said Tom Lee, co-founder of Fundstrat.<\/p>\n","protected":false},"author":1,"featured_media":83187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1211,919],"class_list":["post-83186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-stock-market","tag-tom-lee"],"aioseo_notices":[],"amp_enabled":true,"views":"48","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83186","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=83186"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83186\/revisions"}],"predecessor-version":[{"id":83188,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83186\/revisions\/83188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/83187"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=83186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=83186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=83186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}