Investor Tom Lee says that a further 150% move for Bitcoin ( BTC ) on top of its already big gains is very likely. In a new discussion on the Wealthion podcast with SkyBridge Capital founder Anthony Scaramucci, the Fundstrat head of research says the current technical trajectory of BTC and the incoming pro-crypto presidential administration are putting Bitcoin in a position to achieve his massive price target. “Over the next twelve months, I think something over $250,000 is possible, but maybe highly probable based on just following this price cycle. The second reason I think Bitcoin has maybe more upside than that is because the new administration has run on a pro-Bitcoin platform, and I think the possibility of the US not only legitimizing Bitcoin but making it a strategic reserve asset, I think raises what would be the possible price scenarios for Bitcoin because if the US government, as the intend, ultimately gets to a million Bitcoin it will be the largest Bitcoin holder in the world and they exert an enormous positive influence on legitimizing Bitcoin. I would add to that… It’s almost like taking a playbook from MicroStrategy because MicroStrategy has proven that using Bitcoin as a balance sheet asset has really created a lot of value for MicroStrategy shareholders.” In a recent interview with Natalie Brunell, Lee said that Bitcoin’s market cap could soar about 750% from its current value to hit $16 trillion. Lee believes investors will increasingly flock to Bitcoin as a more useful store of value than gold. At time of writing, Bitcoin is trading for $95,943. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Fundstrat’s Tom Lee Says Bitcoin (BTC) Explosion Above $250,000 This Bull Market ‘Highly Probable’ – Here’s Why appeared first on The Daily Hodl .
