Fundstrat’s research director Tom Lee stated that Bitcoin (BTC) investors are expected to see significant returns. Lee, known for his optimistic outlook on Bitcoin, claims that the digital currency is set to rise to $150,000, representing a more than 62,600% increase from the current price of $130.
This forecast might surprise cryptocurrency holders, as the cryptocurrency, which hit a historical high just above $2024 at the beginning of 73,700, has recently experienced a decline. Lee also attributes part of the selling to outstanding Mt. Gox liabilities—an encrypted currency exchange that declared bankruptcy a decade ago.
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However, he predicts that the impact of these liabilities will diminish, leading to another significant increase in Bitcoin later this year.
