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.
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.
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.
Strategy Inc. (NASDAQ: MSTR) has announced the launch of its fourth perpetual preferred stock offering, marking a new phase in the company’s ongoing efforts to expand its Bitcoin treasury holdings.
According to new data shared by Bitcoin Magazine Pro, publicly traded companies now collectively hold over 844,822 BTC, valued at more than $100.5 billion, marking a historic milestone for institutional Bitcoin adoption.