Tom Lee anticipates Bitcoin’s worth to eclipse gold’s by 2025.
As per Fundstrat’s Tom Lee, Bitcoin is projected to exceed gold this year, despite an unsatisfactory initial three months. Lee is still self-assured that Bitcoin will be the foremost asset category of the year.
“Bitcoin remains our preferred investment concept for the current year. Therefore, we anticipate it will be the highest-performing asset category, even superior to gold,” he remarked.
Earlier in the day, Bitcoin increased to $85,000 yet is still more than 20% under its prior record peak. Simultaneously, gold has surpassed its digital equivalent in the initial three months and attained a fresh record peak.
Lee has previously forecasted that the cryptocurrency will go beyond $150,000 by 2025.
Lee has been a noticeable Bitcoin price analyst since 2018. Although his price forecast record is varied, he continues to be an important voice in the investment arena.
He recollects that Gold ETFs Reclaim Dominance Over Bitcoin ETFs Amidst Crypto Downturn initially emerged in conversations when he was employed at banking giant JPMorgan Chase. At that moment, the cryptocurrency possessed a network worth of merely $20 billion.
In 2017, the cost of Bitcoin saw a rapid surge, growing by a factor of ten and grabbing his interest. Back then, Bitcoin was being exchanged at about $1,000, and Fundstrat, an investigation company, released its first-ever study report on the digital currency, representing a noteworthy occasion in Bitcoin’s adventure.
