Tom Lee, Head of Research at Fundstrat Global Advisors, has reaffirmed his ultra-bullish stance on Bitcoin, calling it a “Swiss army knife” asset that combines the properties of risk-on technology stocks, network-driven value, and safe haven utility.
In a recent interview, Lee explained that Bitcoin’s price growth continues to be primarily driven by adoption, a trend he sees accelerating over the next decade.
“Bitcoin really does meet the fact that it’s a risk-on asset, but it’s also a network value asset,” said Lee. “As more people adopt Bitcoin, it still explains most of the increase in price.”
Lee added that BTC is also emerging as a safe haven, especially in an era of inflation, debt-driven economies, and monetary debasement.
Looking ahead, he believes the most straightforward valuation model for Bitcoin is to compare it to gold—a thesis that echoes arguments made by other top macro investors.
“The easiest way to think of Bitcoin is that it should have the same network value as gold,” Lee said.
With gold’s market cap currently between $23 trillion and $30 trillion, Lee argues that Bitcoin should eventually trade at $1 million to $1.5 million per coin, assuming it reaches full parity in terms of global store-of-value demand.
“People would love to hear that,” he added.
Lee’s long-term outlook aligns with a growing number of voices who see Bitcoin not just as digital gold, but as the base layer of a new financial internet—one whose market cap could soon rival or surpass the legacy monetary metals.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/fundstrats-tom-lee-bitcoin-could-reach-1-5-million-as-it-matches-golds-network-value/