Wall Street Strategist Puts Bitcoin As High As $168,000 By Year-End

Co-founder of Fundstrat and Wall Street Strategist Tom Lee has revealed his expectations for bitcoin before the year runs out. According to a Bloomberg report, Lee revealed that he had high expectations for the digital asset, which he believes would hit the $100,000 mark by the end of the year, and added that the asset could go as high as $168,000 before the year runs out. Lee has always maintained a bullish stance on cryptocurrencies. He had earlier stated that he expected the asset to hit $100,000 this year. Now, Lee looks to be doubling down on this prediction which he had made back in May. Related Reading | Strike Launches New Feature To Allow Users Convert Salaries To Bitcoin The asset’s volatility has never worried the Wall Street strategist who acknowledges the highly volatile nature of it. “I think bitcoin is hyper-volatile,” Lee told TechCheck in May. “That’s the nature of it, but that’s what creates the reward for people.” ETFs Are The Driving Force Behind Prediction The co-founder also explained the factors driving his price prediction for the digital asset. He drives the point back to the recent ETF approvals that bitcoin had seen recently. The first U.S. Bitcoin Futures ETF is scheduled to begin trading this week and Lee believes that the ETF approvals are the major reason behind the asset hitting the $100K price mark. BTC price sits above $62,000 | Source: BTCUSD on TradingView.com Adoption is the name ...