Fundstrat’s Tom Lee predicts a significant rise in Bitcoin’s value, potentially reaching $150,000 by the end of 2024, driven by increasing demand and market dynamics.

Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, has reaffirmed his bullish outlook for Bitcoin, predicting that the cryptocurrency could reach $150,000 by the end of 2024.

According to Lee, the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC) could play a pivotal role in this surge.

He also highlighted the possibility of easing monetary policy by the Federal Reserve, which could benefit risk assets like Bitcoin, contributing to its price increase​.

Despite some caution from other market analysts, who warn of potential volatility, Lee remains confident that Bitcoin will achieve new all-time highs within the next year​.

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