Bitcoin’s Surge Beyond $100K Could Trigger Supply Shortage, Predicts Crypto Expert
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Tom Lee, the Chief Investment Officer at Fundstrat, has raised concerns about a potential supply shortage of Bitcoin (BTC) as it approaches the $100,000 mark.
In a recent CNBC interview, Lee pointed out that the decreasing availability of Bitcoin for sale could pose significant challenges for crypto exchanges, particularly once the cryptocurrency breaks this major psychological barrier.
Lee explained that the scarcity of Bitcoin, combined with the anticipation of its price rising beyond $100,000, could create a rush for the asset. This, he believes, could result in a supply shock, especially as some holders are reluctant to part with their Bitcoin at higher prices.
He also expressed confidence that Bitcoin could surpass the $100,000 threshold by the end of the year, predicting a strong surge in the near future.
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Lee’s bold outlook extends further, as he recently discussed Bitcoin’s potential for significant gains over the next year. In an interview with Anthony Scaramucci, Lee suggested that Bitcoin could see an increase of up to 150% in the next 12 months, potentially reaching over $250,000, based on current market trends.
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