TomLee
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Tom Lee explaining why he thinks investors should feel pretty confident over the next 12 months.
#TomLee #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #TrumpCryptoSupport #Biden
#TomLee #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #TrumpCryptoSupport #Biden
Tom Lee: Bitcoin to Six Figures Before 2024 Halving
Tom Lee, the managing partner at Fundstrat Global Advisors, is known for his predictions about Bitcoin (BTC). He recently made another forecast, stating that he believes the price of Bitcoin could reach six-figure levels before the 2024 block reward halving event. This means that according to Lee, Bitcoinâs value could soar to over $100,000 before the halving occurs.
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Bitcoin Price Prediction: $140,000 â $180,000 by April 2024, says Lee
Tom Lee, the managing partner at Fundstrat Global Advisors, is optimistic about the potential impact of a spot Bitcoin exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission (SEC). He believes that such approval could trigger a significant rally in Bitcoinâs price, leading to it reaching a range between $140,000 and $180,000 before the block reward halving in April 2024. If his prediction comes true, it would correspond to a remarkable 380% to 520% increase in Bitcoinâs value based on current prices.
Tom Leeâs prediction about Bitcoinâs potential price surge is influenced by Sean Farrellâs thesis, who is the head of cryptocurrency strategy at Fundstrat Global Advisors. According to Farrell, if a spot Bitcoin exchange-traded fund (ETF) is approved by the U.S. Securities and Exchange Commission (SEC), it could increase the daily demand for Bitcoin by five times. Currently, the Bitcoin market has a balanced daily block reward and demand of $25 million each.
However, Farrell foresees that the approval of a spot Bitcoin ETF would create an additional daily demand of $100 million, resulting in a total daily demand of $125 million, far exceeding the current daily supply of $25 million.
Based on Farrellâs predictions, a price calculation indicates that Bitcoinâs value could reach a balance between $140,000 and $180,000 before the block reward halving in April 2024. This significant price increase would be a substantial jump from the current levels, according to their analysis.
SEC Under Pressure to Approve Spot Bitcoin ETF
Lee thinks that if BlackRock, the worldâs largest asset management firm, applies for a spot Bitcoin ETF, it could influence the SEC to approve it. This influence is known as the âBlackRock effect.â
Currently, Bitcoinâs price is $29,491, and it has increased by 1.02% in the last 24 hours.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#NFT #Web3 #Blockchain #TomLee #Halving
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Bitcoin Price Prediction: $140,000 â $180,000 by April 2024, says Lee
Tom Lee, the managing partner at Fundstrat Global Advisors, is optimistic about the potential impact of a spot Bitcoin exchange-traded fund (ETF) approval by the U.S. Securities and Exchange Commission (SEC). He believes that such approval could trigger a significant rally in Bitcoinâs price, leading to it reaching a range between $140,000 and $180,000 before the block reward halving in April 2024. If his prediction comes true, it would correspond to a remarkable 380% to 520% increase in Bitcoinâs value based on current prices.
Tom Leeâs prediction about Bitcoinâs potential price surge is influenced by Sean Farrellâs thesis, who is the head of cryptocurrency strategy at Fundstrat Global Advisors. According to Farrell, if a spot Bitcoin exchange-traded fund (ETF) is approved by the U.S. Securities and Exchange Commission (SEC), it could increase the daily demand for Bitcoin by five times. Currently, the Bitcoin market has a balanced daily block reward and demand of $25 million each.
However, Farrell foresees that the approval of a spot Bitcoin ETF would create an additional daily demand of $100 million, resulting in a total daily demand of $125 million, far exceeding the current daily supply of $25 million.
Based on Farrellâs predictions, a price calculation indicates that Bitcoinâs value could reach a balance between $140,000 and $180,000 before the block reward halving in April 2024. This significant price increase would be a substantial jump from the current levels, according to their analysis.
SEC Under Pressure to Approve Spot Bitcoin ETF
Lee thinks that if BlackRock, the worldâs largest asset management firm, applies for a spot Bitcoin ETF, it could influence the SEC to approve it. This influence is known as the âBlackRock effect.â
Currently, Bitcoinâs price is $29,491, and it has increased by 1.02% in the last 24 hours.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#NFT #Web3 #Blockchain #TomLee #Halving
Fundstrat CEO Tom Lee Stands Firm on Bold Bitcoin Price Prediction. âĄđ°
In a recent CNBC interview, Tom Lee, the CEO of Fundstrat, a market insights platform, stood firm on his bullish outlook for Bitcoin (BTC), emphasizing its significance in a world seeking trust in a trustless environment.
Lee's predictions paint a bold picture for BTC, foreseeing it surpassing its previous all-time high of $69,000 from November 2021. His optimism extends further, suggesting a potential surge to $150,000 by the end of 2024. The basis for this ambitious projection lies in improved fundamentals and structural support, a stark contrast to the crypto landscape of three years ago.
The CEO anchors his forecast on Bitcoin's long-term trendline, pinpointing near-term targets at $82,000 and setting a compelling year-end goal of $150,000. Several factors fuel this upward momentum, including a more lenient monetary policy, Bitcoin's upcoming halving in April, and heightened demand propelled by new spot BTC exchange-traded funds (ETFs).
Despite a recent dip with Bitcoin trading at $63,363, down over 7% in the past 24 hours, Lee maintains an optimistic stance on the cryptocurrency's future potential. His unwavering confidence is rooted in the evolving financial dynamics and Bitcoin's pivotal role within it.
As Bitcoin continues its journey through the financial landscape, Tom Lee's projections offer a thought-provoking perspective on the potential trajectory of this leading digital asset. The crypto community eagerly awaits to see if these bold predictions will materialize and shape the future of Bitcoin in the coming months.
#TomLee #CNBC #Fundstrat #BTC
In a recent CNBC interview, Tom Lee, the CEO of Fundstrat, a market insights platform, stood firm on his bullish outlook for Bitcoin (BTC), emphasizing its significance in a world seeking trust in a trustless environment.
Lee's predictions paint a bold picture for BTC, foreseeing it surpassing its previous all-time high of $69,000 from November 2021. His optimism extends further, suggesting a potential surge to $150,000 by the end of 2024. The basis for this ambitious projection lies in improved fundamentals and structural support, a stark contrast to the crypto landscape of three years ago.
The CEO anchors his forecast on Bitcoin's long-term trendline, pinpointing near-term targets at $82,000 and setting a compelling year-end goal of $150,000. Several factors fuel this upward momentum, including a more lenient monetary policy, Bitcoin's upcoming halving in April, and heightened demand propelled by new spot BTC exchange-traded funds (ETFs).
Despite a recent dip with Bitcoin trading at $63,363, down over 7% in the past 24 hours, Lee maintains an optimistic stance on the cryptocurrency's future potential. His unwavering confidence is rooted in the evolving financial dynamics and Bitcoin's pivotal role within it.
As Bitcoin continues its journey through the financial landscape, Tom Lee's projections offer a thought-provoking perspective on the potential trajectory of this leading digital asset. The crypto community eagerly awaits to see if these bold predictions will materialize and shape the future of Bitcoin in the coming months.
#TomLee #CNBC #Fundstrat #BTC
