independent research firm Fundstrat Global Advisors‘s Co-Founder, Managing Partner and Head of Research Thomas Lee said that as investors move away from bonds, they can return to the cryptocurrency sector, and that this will lower the price of BTC. $200,000 He claimed it would help him grow.
In an interview with CNBC, Lee said that many US investors will stop dealing with bonds and change their strategy towards the cryptocurrency market. In this forecast, he argued that interest rates will cause bondholders to lose money in the future. Consequently, many American investors cryptocurrency units, and this could push the price of Bitcoin to $200,000, according to Lee.
“I think there is a lot of speculative capital flowing from stocks to crypto.”
During the interview, Lee also analyzed the potential downside of Bitcoin. The analyst said that the cryptographic hash “exploding” and the global cost of energy falling to zero are the most important risk factors for BTC.
Tom Lee is a well-known person who has predicted that the Bitcoin price will reach $200,000 for some time. bitcoin It is worth noting that he has a bull. Late last year, Lee said he could see BTC at $200,000 this year. His company, Fundstrat, also published its first report on BTC five years ago, predicting that the asset will be worth between $15,000 and $50,000 by 2022.
Other analysts are also optimistic about BTC in the long term. led by Nikolaos Panigirtzoglou JPMorgan Strategists at Chase say Bitcoin’s current “fair value” is about 12% below its current price, $38,000 What you see around the world and the theoretical BTC price targets $150,000 they announced it.
In a report by Fidelity Digital Assets, the multinational brokerage giant argued that Bitcoin is a “superior form of money” that could be a “primary monetary good.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.