Fundstrat CEO Predicts When Bitcoin Price Will Reach $150,000 And $500,000

2024-5-8 20:00

Thomas Jong Lee, the Chief Executive Officer (CEO) of Fundstrat, an independent financial research boutique, has maintained a bullish stance on Bitcoin. The financial analyst has predicted that the world’s largest cryptocurrency could surge massively, doubling its current price to reach $150,000 during the 2024 crypto market cycle. 

Bitcoin Could Go Parabolic In 2024

During a recent interview on Squawk Box, CNBC on May 7, Lee doubled down on his previous Bitcoin forecast, expressing strong confidence that the pioneering cryptocurrency would experience a dramatic surge before the end of 2024. He predicts that Bitcoin, currently priced at $62,371, according to CoinMarketCap, will exceed previous all-time highs and reach $150,000. 

Related Reading: Can Ethereum Reclaim $4,000? Fragile Fundamentals Threaten To Send ETH Crashing

The Fundstrat CEO disclosed earlier in April in an interview with CNBC Television, that “Bitcoin would definitely make new all-time highs this year,” predicting that the cryptocurrency could surge to $150,000 in 2024, and $500,000 long term. 

He highlighted that the strong demand for BTC has been fueling its price increase. Furthermore, the integration of the Rune Protocol, a new token standard for issuing fungible tokens on the Bitcoin network, has also bolstered the blockchain’s network. 

Lee’s ambitious forecast of Bitcoin comes at a time when the market has been experiencing significant volatility and periods of fluctuations. Bitcoin previously surged to an all-time high above $73,000 in March, propelled by the hype and demand for Spot Bitcoin ETFs.

However, after Bitcoin halving on April 20, which many analysts and investors believed would trigger another price rally, BTC witnessed a dramatic drop, falling as low as $57,000 at some point in May. 

Despite the upheaval in the broader crypto market, Lee remains optimistic about Bitcoin’s long-term value. His unwavering confidence in the cryptocurrency’s robust price fundamentals is reflected in his expectations of a potential price surge to or even exceeding half a million in the coming years. 

Factors Point To Upward Momentum After FED Rate Cut

While Lee made his bullish projections about Bitcoin, he also discussed the present inflationary situation and economic conditions of the United States. According to the Fundstrat CEO, inflation in the US is set to cool off dramatically, potentially triggering an upward momentum for Bitcoin if this happens. 

Related Reading: Here’s How This Ethereum Whale Made $16 Million From A Single Trade

The CEO disclosed that the Federal Reserve (FED) currently has more leeway to cut rates, citing their impacts on the country’s banking balance sheet. Although he refrained from specifying a precise timeline for the drop in the US inflation rate, Lee indicated that it could potentially occur by the second half of 2024. 

Overall, the Fundstrat CEO has maintained an optimistic outlook for inflationary pressures in the US, with Bitcoin typically serving as a hedge against inflation and a store of value during these periods of economic uncertainty. 

origin »

Bitcoin price in Telegram @btc_price_every_hour

Formosa Financial (FMF) íà Currencies.ru

$ 0.0004577 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: -0.11 %, 7d: 98.23 %
Cåãîäíÿ L: $0.0004538 - H: $0.0004624
Êàïèòàëèçàöèÿ $394.44k Rank 99999
Äîñòóïíî / Âñåãî 861.833m FMF

financial reach fundstrat 150 ceo bitcoin price

Èñòî÷íèê: newsbtc.com

financial reach → Ðåçóëüòàòîâ: 126


Can Ripple’s XRP Reach $1,000?

X user @B_arri_C made a bold prediction that XRP, the digital asset from fintech company Ripple, could potentially reach $1,000 per token in the future. What’s the rationale behind such lofty expectations? The Case for Triple-Digit XRP @B_arri_C laid out an argument that with Ripple’s massive global expansion plans for financial transactions, widespread adoption could […] The post Can Ripple’s XRP Reach $1,000? appeared first on CaptainAltcoin.

2024-1-26 21:30


Ôîòî:

Bitcoin “Whale” Holdings are Now at Pre-$20,000 Levels, Here’s What it Means

Bitcoin “whales,” or users holding significant amounts of BTC, are surging in recent weeks to reach levels last seen in January 2018.   BTC Whales Growing A report by on-chain analytics firm Glassnode noted on June 15 that BTC whales are steadily growing, presumably as worldwide financial markets see increased volatility and turmoil and investors considerRead MoreRead More.

2020-6-17 13:07


NCFA and Toronto Finance International partner to co-host Canada’s ultimate fintech experience

Strengthening Canada’s fintech and financial reach through collaboration, competition, and networking at FFCON20 The National Crowdfunding & Fintech Association of Canada (NCFA) and ToronThe post NCFA and Toronto Finance International partner to co-host Canada’s ultimate fintech experience appeared first on AMBCrypto.

2020-2-27 12:30


Ôîòî:

Russia May Postpone Implementation of Cryptocurrency Law 

Anatoly Aksakov, head of the State Duma Committee on the Financial Market revealed that Russia’s digital financial assets law has been practically agreed upon but it may be postponed to autumn because the authorities have been unable to reach a concrete agreement on how bitcoin and altcoins should be handled in Russia, reports Tass on JulyRead MoreRead More.

2019-7-11 09:00


Regulators Give Thumbs Up To Non-Custodial Exchanges

Cryptocurrency exchanges are navigating uncharted waters, but new regulatory guidelines could help these businesses reach land. The two leading U. S. regulators, the SEC and Financial Industry Regulatory Authority (FINRA), have released a joint statement on broker-dealer obligations for digital assets, clarifying some of the rules that apply to cryptocurrency exchanges.

2019-7-10 20:26


Libra: How Facebook and others plan to ‘meet the daily financial needs of billions of people’

The whitepaper for the Facebook-backed Libra cryptocurrency dropped on June 18th and is being viewed by some market observers as a watershed moment for the space. The project's undeniable reach, significant backing and novel technical design has some excited, however, there are questions surrounding whether regulators will accept the Libra business model and its management of user funds.

2019-6-21 00:00


Ôîòî:

Bullish on Bitcoin, Bearish on Trade Relations With Jeffrey Tucker

Dave and Grahm are back with news and price narratives around 2019’s top-performing financial asset. This week’s stories include mainstream media’s Bitcoin FOMO, the real story of Laszlo Hanyecz (the guy behind Bitcoin Pizza Day), Dutch authorities taking down Bestmixer, Tether being partially backed by bitcoin and what Libertarian politician Ron Paul thinks about the U.

2019-5-29 16:42


TikTok’s parent company ByteDance reportedly wants to launch its own phone

ByteDance is likely on your phone through its colony of popular apps like TikTok or Helo. Now it wants to make a phone of its own. Yes, you read that right. According to a new report by The Financial Times, the Beijing-based social media company is developing a “phone preloaded with its own apps — which include newsfeeds, short video platforms and games — in a bid to further spread its reach.

2019-5-27 15:15


Ôîòî:

Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens.

2019-5-16 18:51


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Bitcoin Exits ‘Panic Zone,’ But Capital Inflows Remain Weak

On-chain data shows Bitcoin network conditions have improved recently, but net capital inflows are still of a relatively weak order. Bitcoin Realized Cap Now Rising, But Only In A Slow Manner As pointed out by CryptoQuant author Axel Adler Jr in an X post, Bitcoin has exited from the “panic zone” on the Realized Profit/Loss Ratio.

Stocks Are At All-Time Highs, Bitcoin Is Lagging: Is BTC Late To The Rally?

Bitcoin is pushing higher after months of consolidation, with buyers gradually reasserting control and the market beginning to feel like it might have found its footing. The strength is real — but a report from XWIN Research Japan is adding important context to what that strength actually means in the broader picture. Related Reading: Ethereum […]

Bitcoin Mining Network Collapsing Into AI At Record Pace, Analyst Warns

The founder of Capriole Investments has warned that the Bitcoin miner AI pivot could result in mining revenue plunging to 30% in 2-3 years. Bitcoin Mining Companies Are Fast Pivoting To AI In a new post on X, Capriole Investments founder Charles Edwards has talked about the transition that the Bitcoin mining industry has been […]

These 3 Signals Mark Bear Market Exits—Bitcoin Has Yet To Trigger Them

Bitcoin is still far from triggering the three signals that have historically appeared at the end of bear markets, according to analyst Willy Woo. Bitcoin Is Still Trading Far Below The Cost Basis Of Recent Investors In a new post on X, analyst Willy Woo has listed the three things that tend to happen at the end of bear markets.