Tom Lee, Head of Research at Fundstrat, recently highlighted Bitcoin's potential as a strategic asset for managing national debt.
He suggested that as the U.S. faces mounting fiscal challenges, Bitcoin could serve as a “Treasury reserve asset,” helping to offset liabilities and ease pressure on the growing national deficit.
According to Lee, traditional approaches like tax adjustments and spending cuts may not suffice, and Bitcoin’s rising value could play a critical role in stabilizing the economy.
Lee also shared his outlook for Bitcoin and small-cap stocks, noting that his team has been closely monitoring market trends, particularly in the wake of election-related volatility.
He sees the post-election period as favorable for Bitcoin, with the potential for the cryptocurrency to reach $150,000 by year-end as regulatory concerns diminish and post-halving momentum builds.
Looking ahead, Lee expects the post-election rally to continue, driven by improved investor sentiment and favorable economic conditions.
He anticipates that this optimism will support risk assets like Bitcoin, fueling further investment and potential price growth. Additionally, Lee sees a stabilization in market volatility, which could drive broader market confidence and contribute to sustained momentum for cryptocurrencies.
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Bitcoin (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.