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Bitcoin Believer From 2018 Nails It: Is He Right About $150,000?

Thomas Lee, co-founder of Fundstrat Global Advisors, took a bullish stance on Bitcoin (CRYPTO: BTC) in 2018. His position seems prescient in light of today’s market. What Happened: Lee’s central argument rested on the potential of Bitcoin to become a mainstream store of value. The Wall Street strategist envisioned a future where Bitcoin captures even a small fraction (1%) of the global value currently parked in traditional assets. This, he calculated, could translate to a price surge of Bitcoin to $150,000 per coin. Fast-forward to 2024, Bitcoin surged past the $70,000 mark. The spike undersco…

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