Tom Lee is a particularly strong strategist on Wall Street. He is also one of the few who dares to estimate the potential of Bitcoin; in a previous interview he explained and substantiated why he still sees a lot of future in Bitcoin.
Bitcoin is the new gold
In the longer term, Lee sees Bitcoin mainly as a safe haven. In the 1980s, gold was used as a safe haven compared to fiat money. The younger generation no longer looks at gold, but at Bitcoin...
Bitcoin has been around for 7 years and has never been hacked. That is a 'store of value' that can count. To change 1 unit in Bitcoin's blockchain, you need more than $ 30 billion. Bitcoin becomes the gold - the safe haven - of the new generation. According to Tom Lee if Bitcoin can only win 5% of the gold market, this means a price of $ 25,000 per BTC !
Bitcoin dominance
Bitcoin is the dominant cryptocurrency. And the more cryptocoins exist, the more coins use Bitcoin as 'master ledger'. The value of Bitcoin thus grows as more cryptocurrencies are added over time.
There are also not many institutional investors who own Bitcoin while the cryptocurrency does not correlate with
traditional assets which makes it a very interesting investment as diversification.
But the low liquidity makes it difficult for these parties to buy Bitcoin. At a certain point in time this can provide a 'liquidity spike' and then Bitcoin can even rise to $ 75,000 per BTC...
Opinion
What are your thougths on this? I would love to hear your predictions.
Nobody can tell with 100% certainty that Bitcoin will reach new ATHs again but I'm definitely a believer. We will see Bitcoin at $25000 one day and maybe even 50k, but it might take some time and patience for investors is key. Don't invest in cryptocurrencies expecting a fast extra buck, see it as a long term possibility with the potential to dramatically increase your financial situation.
HODL your crypto and believe in the future <3 crypto isn't going anywhere!
I look forward to our moon meeting.
Thank you for reading.
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Cheers,
MAXIDIGI
