Tom Lee, the outspoken co-founder of Fundstrat Global Advisors, believes Bitcoin is poised for a major rebound—one that could see it narrowing the gap with gold’s recent rally.
In a recent appearance on CNBC’s Squawk Box, Lee pointed out that the heavy selling pressure caused by leveraged positions in the crypto market has largely faded. With institutional investors no longer scrambling to unwind risk, he says Bitcoin is finally in a position to bounce back.
Gold, meanwhile, has been hitting record highs, surging over 30% since the start of the year and recently topping $3,470 per ounce. Bitcoin, by comparison, has lagged behind—but Lee doesn’t expect that to last. He suggested that a 36% move from Bitcoin’s current price could put it on par with gold’s performance, implying a potential BTC target around $120,000.
“With the leverage shakeout behind us, Bitcoin has room to catch up,” Lee explained, adding that reduced market strain may open the door for renewed institutional interest. He acknowledged that economic uncertainty and central bank policy could still create some volatility, but he believes the worst is likely over for Bitcoin.
Looking further ahead, Lee has maintained an ambitious long-term forecast. He’s stood by his call that Bitcoin could hit $250,000 by the end of 2025. And he’s not just bullish on BTC—Lee also expects Ethereum to break higher, projecting a range between $5,000 and $6,000.
While gold continues to rally in a world increasingly wary of fiat currencies, Lee sees Bitcoin following a similar path as the digital counterpart to traditional safe-haven assets.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/gold-surges-but-bitcoin-could-soon-follow-according-to-tom-lee/