PrinceofKHB
07/22 09:57
Fundstrat co-founder and Bitmine Technologies CEO Tom Lee, who has made a name for himself with his bold predictions about Bitcoin and the market, announced his new predictions.
Speaking to CNBC, Tom Lee shared his price expectations, stating that the rise in Bitcoin and Ethereum is not over yet.Lee noted that Bitcoin is increasingly viewed as a macro asset like gold, and this shift in perception is driving more capital into the market.
At this point, Lee argued that Bitcoin would reach $250,000 by the end of this year. Lee stated that even at $250,000, BTC would only be worth 25% of the gold market, highlighting how much potential Bitcoin still has.
Lee, who also announced his price prediction for Ethereum in addition to Bitcoin, predicted that Ethereum would rise to $4,000 in the short term by the end of July and to $15,000 in the medium term by the end of the year.
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