{"id":576363,"date":"2024-02-22T17:00:25","date_gmt":"2024-02-22T17:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=576363"},"modified":"2024-06-11T07:59:24","modified_gmt":"2024-06-11T07:59:24","slug":"fundstrat-exec-bitcoin-150000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/fundstrat-exec-bitcoin-150000\/","title":{"rendered":"Fundstrat Exec Predicts Bitcoin Will Reach $150,000, Here\u2019s When"},"content":{"rendered":"

Tom Lee<\/span><\/a>, Managing Partner and Head of Research at Fundstrat Global Advisors, recently commented on the <\/span>future trajectory of Bitcoin<\/span><\/a>. He also mentioned when the <\/span>flagship crypto token<\/span><\/a> could hit this particular price level.\u00a0<\/span><\/p>\n

Bitcoin To Rise To $150,000 This Year<\/h2>\n

Lee mentioned during an <\/span>appearance<\/span><\/a> on CNBC\u2019s \u201cSquawk Box\u201d that Bitcoin could rise to as <\/span>high as $150,000<\/span><\/a> this year. His belief that BTC could rise to this price level is due to the fact that demand is improving with the <\/span>Spot Bitcoin ETFs<\/span><\/a>. These funds are known to have achieved significant success <\/span>since launching<\/span><\/a>, something which has positively impacted Bitcoin\u2019s price.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Millionaire Takes A Shot At Cardano For Being A \u2018Wannabe Ethereum\u2019 \u2013 Details<\/a><\/div>\n

Lee alluded to the <\/span>Bitcoin Halving<\/span><\/a> as another factor that could contribute to Bitcoin\u2019s rise to $150,000. He specifically noted how the crypto token\u2019s supply is going to shrink once the Halving event takes place. Interestingly, industry expert Anthony Pompliano <\/span>recently highlighted<\/span><\/a> how the demand for BTC was outpacing its supply.\u00a0<\/span><\/p>\n

This trend is expected to continue once the Halving takes place, as the amount of <\/span>BTC mined<\/span><\/a> daily will drastically reduce. Meanwhile, Spot Bitcoin ETFs and other institutional investors are expected to keep stacking up the crypto token without any hesitation.<\/span><\/p>\n

Lee also noted that a monetary easing, which is expected this year, would be favorable for a risk asset like Bitcoin. With inflation cooling off, the Federal Reserve is projected to cut down on interest. This will no doubt provide a bullish narrative for Bitcoin as investors are expected to double down on their investment in the crypto token once this happens.\u00a0<\/span><\/p>\n

BTC Still Headed For $500,000<\/h2>\n

Tom Lee<\/span><\/a> had <\/span>predicted <\/span><\/a>during an appeearnce on Squawk Box in January this year that BTC would rise to $500,000 in the next five years. He once again reaffirmed this prediction during his most recent appearance on CNBC. According to him, \u201cBitcoin is sound money, and it is proving to be useful,\u201d which makes this price level attainable.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Begins Massive Recovery Trend, But Can These Factors Drive A Rally To $0.2?<\/a><\/div>\n

Elaborating on how Bitcoin is useful, he stated that the crypto token has been a great store of value and also a good risk asset. He added that BTC is \u201c<\/span>incredibly secure<\/span><\/a>\u201d as there has been an issue of any fraudulent entry on the blockchain <\/span>since its inception<\/span><\/a>. The same cannot be said of banking institutions, which Lee noted have a lot of fraudulent transactions.\u00a0<\/span><\/p>\n

When quizzed about how Bitcoin is used for <\/span>nefarious activities<\/span><\/a>, he highlighted how the Dollar is used for a large percentage of crimes that take place, and no one questions its utility.<\/span><\/p>\n

At the time of writing, Bitcoin is trading at around $51,800, up in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC price at $51,900 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from CoinMarketCap, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, recently commented on the future trajectory of Bitcoin. He also mentioned when the flagship crypto token could hit this particular price level.\u00a0 Bitcoin To Rise To $150,000 This Year Lee mentioned during an appearance on CNBC\u2019s \u201cSquawk Box\u201d that Bitcoin could rise to as high as $150,000 this year. His belief that BTC could rise to this price level is due to the fact that demand is improving with the Spot Bitcoin ETFs. These funds are known to have achieved significant success since launching, something which has positively impacted Bitcoin\u2019s price.\u00a0 Related Reading: Bitcoin Millionaire Takes A Shot At Cardano For Being A \u2018Wannabe Ethereum\u2019 \u2013 Details Lee alluded to the Bitcoin Halving as another factor that could contribute to Bitcoin\u2019s rise to $150,000. He specifically noted how the crypto token\u2019s supply is going to shrink once the Halving event takes place. Interestingly, industry expert Anthony Pompliano recently highlighted how the demand for BTC was outpacing its supply.\u00a0 This trend is expected to continue once the Halving takes place, as the amount of BTC mined daily will drastically reduce. Meanwhile, Spot Bitcoin ETFs and other institutional investors are expected to keep stacking up the crypto token without any hesitation. Lee also noted that a monetary easing, which is expected this year, would be favorable for a risk asset like Bitcoin. With inflation cooling off, the Federal Reserve is projected to cut down on interest. This will no doubt provide a bullish narrative for Bitcoin as investors are expected to double down on their investment in the crypto token once this happens.\u00a0 BTC Still Headed For $500,000 Tom Lee had predicted during an appeearnce on Squawk Box in January this year that BTC would rise to $500,000 in the next five years. He once again reaffirmed this prediction during his most recent appearance on CNBC. According to him, \u201cBitcoin is sound money, and it is proving to be useful,\u201d which makes this price level attainable.\u00a0 Related Reading: Dogecoin Begins Massive Recovery Trend, But Can These Factors Drive A Rally To $0.2? Elaborating on how Bitcoin is useful, he stated that the crypto token has been a great store of value and also a good risk asset. He added that BTC is \u201cincredibly secure\u201d as there has been an issue of any fraudulent entry on the blockchain since its inception. The same cannot be said of banking institutions, which Lee noted have a lot of fraudulent transactions.\u00a0 When quizzed about how Bitcoin is used for nefarious activities, he highlighted how the Dollar is used for a large percentage of crimes that take place, and no one questions its utility. At the time of writing, Bitcoin is trading at around $51,800, up in the last 24 hours, according to data from CoinMarketCap.\u00a0 BTC price at $51,900 | Source: BTCUSD on Tradingview.com Featured image from CoinMarketCap, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":576367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,6848,1119,89185,1122,1144,78790,13103,91707,91708],"class_list":["post-576363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-fundstrat","tag-fundstrat-exec","tag-fundstrat-news"],"acf":[],"yoast_head":"\nFundstrat Exec Predicts Bitcoin Will 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Fundstrat Exec Predicts Bitcoin Will Reach $150,000, Here\u2019s When","url":"http:\/\/wncen.com\/news\/fundstrat-exec-bitcoin-150000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/fundstrat-exec-bitcoin-150000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Bitcoin-150000.jpeg?resize=200%2C162","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Bitcoin-150000.jpeg?fit=310%2C162"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","bitcoin price prediction","btc","btc news","btc price","btcusd","btcusdt","fundstrat","fundstrat exec","fundstrat news"],"dateCreated":"2024-02-22T17:00:25Z","datePublished":"2024-02-22T17:00:25Z","dateModified":"2024-06-11T07:59:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Fundstrat Exec Predicts Bitcoin Will Reach $150,000, Here\\u2019s When\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/fundstrat-exec-bitcoin-150000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/fundstrat-exec-bitcoin-150000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin-150000.jpeg?resize=200%2C162\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/Bitcoin-150000.jpeg?fit=310%2C162\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price prediction\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"fundstrat\",\"fundstrat exec\",\"fundstrat news\"],\"dateCreated\":\"2024-02-22T17:00:25Z\",\"datePublished\":\"2024-02-22T17:00:25Z\",\"dateModified\":\"2024-06-11T07:59:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Bitcoin-150000.jpeg?fit=310%2C162","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576363"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=576363"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/576367"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=576363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=576363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=576363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}