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, Bitcoin’s value could soar to over $100,000 before the halving occurs.

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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 Bitcoin’s 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 Bitcoin’s value based on current prices. Read More...