Tom Lee, head of research at Fundstrat believes Bitcoin could reach $150,000, or even $180,000 if the SEC approves Bitcoin spot ETF applications from the likes of BlackRock and Grayscale.
The price of Bitcoin will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds are approved, according to investment research boutique Fundstrat.on CNBC’s Squawk Box, Fundstrat’s managing partner and head of research, Tom Lee, predicted that a bundle of successful Bitcoin spot ETF applications would shift Bitcoin’s supply-demand dynamics towards considerable price appreciation.
Lee clarified that this could be the case so long as it is a United States-approved spot Bitcoin ETF, as there are already spot Bitcoin ETFs in Europe.
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