Bitcoin Poised for Strong Second Half, Says Fundstrat’s Tom Lee
Bitcoin is approaching near-term lows under $80,000, but fundstrat’s Tom lee sees a bright future. In a CNBC interview, Lee suggested that current conditions are ideal for long-term Bitcoin investors.
Lee believes that bitcoin’s seasonal unattractiveness is ending as March concludes. He highlighted macroeconomic and political factors that coudl boost Bitcoin’s performance. “The calendar is looking better,” he noted. The Federal Reserve and other central banks are easing, and quantitative tightening is nearing its end. These factors, along with positive political developments, could drive Bitcoin’s growth.
lee remains bullish, predicting bitcoin could reach $150,000 by year-end. He sees potential in overcoming current challenges, like tariff concerns, which could pave the way for positive market changes.
Regarding the U.S. dollar and crypto’s role,Lee agrees with BlackRock CEO Larry Fink’s warning about protectionist policies. Though, he believes smart stablecoin regulation could strengthen the dollar’s dominance in crypto markets.
As April starts, Lee advises investors that the worst might potentially be over. With the right conditions, Bitcoin could achieve new all-time highs.
