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Fundstrat’s Tom Lee Predicts Bitcoin Price Will Surge to $150,000 if This Happens

Wed, 08/16/2023 - 18:15
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Alex Dovbnya
Permabull Tom Lee has shared yet another uber-bullish Bitcoin price prediction
Fundstrat’s Tom Lee Predicts Bitcoin Price Will Surge to $150,000 if This Happens
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On CNBC's "Squawk Box," Tom Lee, co-founder of Fundstrat, charted the potential path ahead for Bitcoin, spotlighting pivotal factors that could steer its price.

At the heart of Lee's forecast is the U.S. Securities and Exchange Commission (SEC) possibly giving the green light to a spot Bitcoin exchange-traded fund (ETF).

Such a move, in Lee's view, could be the wind in Bitcoin's sails, pushing its price north of $150,000, even nearing the $180,000 mark.

However, he emphasized that this optimistic trajectory hinges on the SEC's nod.  Bitcoin ETFs have found ground internationally, but a U.S. endorsement would be a cornerstone for the domestic crypto industry.

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Lee highlighted the interplay between cryptocurrencies and the broader monetary climate. He posited that stabilization in inflation rates could pave the way for more relaxed financial conditions.

This, in turn, might prompt central banks to ease their grip, setting a conducive stage for cryptocurrencies, with Bitcoin at the forefront.

Zooming out to the wider financial landscape, Lee commented on the ebb and flow of recent inflation trends. He noted that the current core inflation, pegged at 0.16%, is anchored by robust housing figures. Yet, he foresees these currents mellowing, projecting inflation to recede below 2% by mid-next year. 

Bitcoin's rally has so far stalled at the $30,000 level after the largest cryptocurrency managed to recover due to BlackRock's entry into the ETF race. The flagship coin peaked at more than $69,000 in late November 2021 before enduring a major crash.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at