Advertisement
AD

Main navigation

Tom Lee Predicts $125,000 Bitcoin in 2021 Despite Tesla's U-Turn

Advertisement
Sun, 16/05/2021 - 18:37
Tom Lee Predicts $125,000 Bitcoin in 2021 Despite Tesla's U-Turn
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Fundstrat’s Tom Lee remains bullish on Bitcoin despite market participants becoming extremely fearful following Tesla’s about-face.

In fact, the famed permabull told Business Insider about increasing his year-end Bitcoin target to $125,000 to $100,00.

Related
Elon Musk Wants to Go "All In" on Dogecoin Because of "Obnoxious" Bitcoin Threads
Tesla no longer accepting Bitcoin and Elon Musk criticizing its carbon footprint will encourage the industry to focus on adopting green energy solutions, according to Lee.   

Advertisement

It is probably better to view it as a call to action for the bitcoin industry to focus on renewables or more efficient ways to provide proof of work.

Lee also believes that more companies will now be able to embrace “green” cryptocurrencies.

Bitcoin is trading at $46,974 at the time of writing this article. 

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
RHUNA Launches to Revolutionize the Events and Entertainment Industry with Fintech Innovation
Our social media
There's a lot to see there, too

Popular articles