Fundstrat Says Bitcoin Is Headed for $150K — Predicts BTC Could Hit $500K in 5 Years

Financial probe steadfast Fundstrat’s caput of probe has predicted that the terms of bitcoin is headed for $150K and could deed $500K successful 5 years. Emphasizing the cryptocurrency’s finite proviso and “a perchance immense summation successful request with a spot bitcoin approval,” the expert stressed that it is “definitely achievable” that bitcoin could scope fractional a cardinal dollars successful 5 years.

Bitcoin Expected to Hit $150K Short-Term, $500K Possible Long-Term

The caput of probe astatine Fundstrat, an autarkic fiscal probe boutique, Tom Lee, shared his presumption connected the bitcoin terms outlook successful an interrogation with CNBC connected Wednesday.

Replying to a question astir what the terms of bitcoin volition beryllium successful 1 twelvemonth and 5 years, helium said:

I deliberation successful the adjacent 12 months, thing implicit $100,000 … possibly implicit $150,000.

Lee expressed the value of the U.S. Securities and Exchange Commission (SEC)’s approval of 11 spot bitcoin exchange-traded funds (ETFs) connected Wednesday. The funds started trading connected Thursday. The Fundstrat caput of probe detailed:

In the adjacent 5 years, there’s a finite supply, but present we person a perchance immense summation successful request with a spot bitcoin support truthful I deliberation successful 5 years thing astir fractional a cardinal is decidedly achievable.

In August past year, Sean Farrell, who leads integer plus strategy astatine Fundstrat, predicted a important terms summation for bitcoin pursuing the motorboat of a spot ETF. He reasoned that the regular request for bitcoin “will scope $125 million, portion regular proviso is lone $25 million,” emphasizing: “The implicit equilibrium terms would request to summation truthful that regular proviso matches regular demand. Equilibrium investigation suggests a clearing terms of $140,000 to $180,000 earlier the halving successful April 2024.”

On Wednesday, Rich Dad Poor Dad writer Robert Kiyosaki joined the chorus of bullish BTC predictions, echoing Lee’s forecast of a $150,000 bitcoin terms tag. Meanwhile, Standard Chartered projected a imaginable $200,000 BTC terms by 2025, fueled by the caller support of spot bitcoin ETFs. Meanwhile, Ark Invest CEO Cathie Wood expects spot bitcoin ETFs to pull important organization investment, further propelling BTC “much higher.”

What bash you deliberation astir the prediction by Fundstrat’s caput of research, Tom Lee, regarding the terms of bitcoin? Do you deliberation BTC volition deed $500K successful 5 years? Let america cognize successful the comments conception below.