Tom Lee, co-founder of FundStrat and CEO of Bitmine Technologies, has released his new predictions, naming himself with a bold prediction about Bitcoin and the market.
Speaking to CNBC, Tom Lee shared his price expectations and said that the rise in Bitcoin and Ethereum is not over yet.
Lee pointed out that Bitcoin is considered a macro asset like gold, and this change in perception is pushing more capital into the market.
At this point, Lee claimed that Bitcoin would reach $250,000 by the end of this year. Lee says that even at $250,000, BTC is only worth 25% of the gold market, highlighting how much potential Bitcoin still has.
Ethereum is rising!
Lee, who also released a price forecast for Ethereum in addition to Bitcoin, predicted that Ethereum would rise to $4,000 in the short term by the end of July and increase to $15,000 in the medium term by the end of the year.
Lee said he is confident in his predictions, and that Ethereum's recent performance and strong foundations support this rise.
Experts pointed out that Ethereum is above previous record highs, which means that it views the $5,000 level as a technical turning point.
Lee, who attributed Ethereum's upward trend to US regulatory compliance and increased utility in the global financial sector, said renewed interest from institutional investors would accelerate Ethereum's growth and rise.
At this point, Lee argued that the institutional narrative of Bitcoin as digital gold remains the same, but ETH argued that it could offer more upward possibilities in the coming years as an institution is a network that tokenizes financial assets.
“Wall Street wants to find a big chain that operates intricately in the US and already has many real-world assets.
This is why Ethereum has become so important. ”
*This is not investment advice.
