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Tom Lee Forecasts Bitcoin Surging to $150k by 2024

Fundstrat analyst Tom Lee predicts that Bitcoin's price could reach $150,000 by the end of 2024 due to rising demand from Bitcoin ETFs and the upcoming Bitcoin halving. This year's halving will reduce Bitcoin's daily issuance by 450 BTC, which many analysts believe will be the catalyst for the next bull run.

by John Darbie
Thu, Feb 22, 2024 11:08am
in Bitcoin
• 2 mins read
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Tom Lee Forecasts Bitcoin Surging to 0k by 2024 | FinOracle

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Bitcoin Analyst Predicts Price to Reach $150,000 by Year-End

Tom Lee, a prominent analyst at Fundstrat, has made a bold prediction that Bitcoin’s price could soar to $150,000 by the end of this year, more than tripling its current value. Lee’s bullish forecast is backed by two key factors: the increasing demand for Bitcoin exchange-traded funds (ETFs) and the imminent Bitcoin halving, which will result in a decrease in supply.

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