Despite stagnant price movement, FundStrat’s head of research Tom Lee remains optimistic about the future of Bitcoin and predicts it could reach as high as $150,000 this year.
According to Lee, the introduction of new ETFs and the upcoming halving event, combined with expected monetary policy easing, will lead to increased demand and decreased supply, supporting continued growth in the cryptocurrency market.
While Bitcoin’s recent rally to $53,000 has slowed, currently trading at $50,900, Lee is not concerned about an imminent downturn and believes the cryptocurrency will remain stable.
Others, such as market strategist Joel Kruger, suggest a more cautious approach, warning of potential short-term volatility due to shifting central bank policies and global economic weakness.
