Tom Lee of Fundstrat recently shared his bold prediction that Bitcoin will outshine gold this year, despite its lackluster performance in the first quarter.
Speaking on a podcast, Lee expressed confidence that Bitcoin would emerge as the top-performing asset class, even surpassing gold. He emphasized that Bitcoin remains his top pick for 2025, despite its recent fluctuations.
Earlier today, Bitcoin saw a rise to $85,000, but it still lags over 20% behind its all-time high. On the other hand, gold has been performing strongly, hitting a new all-time high after a solid start to the year, outpacing Bitcoin’s performance in the first quarter.
Lee’s outlook for Bitcoin extends beyond this year, as he previously predicted the cryptocurrency could exceed $150,000 in 2025. While his past predictions have been met with mixed results, Lee’s influence as a Bitcoin analyst remains significant.
Reflecting on his journey, Lee recalled his first encounters with Bitcoin during his time at JPMorgan when the network’s value was just $20 billion.
He was particularly intrigued by the cryptocurrency’s meteoric rise in 2017, which led Fundstrat to publish its first Bitcoin report when the asset was priced around $1,000.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.