Tom Lee, the co-founder of Fundstrat Global Advisors, has made bold predictions about Bitcoin's price trajectory.

He recently stated that Bitcoin could reach $100,000 by the end of 2024, driven by factors such as increased demand from Bitcoin spot ETFs, the upcoming halving event reducing new coin supply, and potentially easing monetary policies from central banks.

Lee highlights Bitcoin's historical correlation with "risk assets" like tech stocks, which tend to rise in value when interest rates fall.

Lee has also suggested that Bitcoin's role as a treasury reserve could help mitigate the U.S. national deficit, emphasizing its utility as a store of value and a hedge against inflation. He expects post-election market conditions and reduced regulatory hurdles to further bolster Bitcoin's price.

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