Wall Street Bull Tom Lee: Bitcoin to Hit $150,000 by Year-End, Expected to Surge Tenfold in the Next Five Years!

Wall Street bull Tom Lee recently stated in an interview with CNBC that with the approval of Bitcoin spot ETFs, the price of Bitcoin could reach $150,000 within the next 12 months and even potentially soar to $500,000 within the next 5 years.
(Background:
Historic moment: SEC approves 11 Bitcoin spot ETFs! Full text of SEC announcement and compilation of ETF-related questions)
(Supplementary information:
Bloomberg predicts that the first day of Bitcoin spot ETFs will attract $4 billion, half of which will come from BlackRock)
After various twists and turns, the U.S. Securities and Exchange Commission (SEC) finally approved 11 Bitcoin spot ETF applications on the 11th, setting a new milestone for the acceptance of cryptocurrencies in traditional finance.
Wall Street’s well-known analyst and founder of Fundstrat, Tom Lee, also known as the “Bitcoin bull,” recently stated in an interview with CNBC in this context that with the approval of ETFs, the price of Bitcoin could potentially surge to $100,000 or $150,000 within the next 12 months. Furthermore, due to Bitcoin’s deflationary nature and the purchasing demand brought by ETFs, BTC may even reach $500,000 within the next 5 years.
Tom Lee also added that in terms of purchasing Bitcoin, young investors seem to prefer the “my keys, my coin” principle, buying spot Bitcoin through exchanges. However, traditional financial investors may still lean towards holding BTC through public markets and intermediaries.
Anthony Scaramucci, founder of the hedge fund Skybridge Capital with assets under management of up to $3.5 billion and former White House Communications Director, also stated in an interview with CNBC on the 11th that Bitcoin is expected to surpass the historical high of $69,000 in November 2021 by the end of 2024.
Scaramucci also revealed that he would also become a buyer of ETFs.


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