3 major positives! Wall Street tycoon Tom Lee: BTC 'easily breaks' 100,000 at the end of the year

Tom Lee, a partner at Fundstrat, a Wall Street investment research firm, expressed bullish views on BTC, believing that with the blessing of the "halving effect", "policy shift" and "institutional capital influx", BTC is bound to exceed $100,000 by the end of this year.

Tom Lee recently stated in an interview with CNBC that he is confident that Bitcoin will reach $100,000.

I believe that by the end of this year, Bitcoin will easily break through $100,000, which is a reasonable target.

At the time of writing, the price of BTC is about $93,000, with a 7.5% gap from $100,000.

Tom Lee believes that the key to further upward movement of BTC lies in the tightening of supply and demand after the halving, policy support, and the frenzy of institutional investment.

Halving effect assists

Tom Lee emphasizes that the deflationary characteristics and limited supply of BTC are key driving factors for its price increase.

This year's BTCHalving in April will halve the BTC rewards for miners, significantly reducing the supply of new BTC. After the previous Halvings, BTC has experienced strong long positions. For example, within a year after the 2016 Halving, BTC surged by more than 1200%. Now, 7 months have passed since the Halving, and BTC is approaching the $100,000 threshold.

Political Favourable Information expectations

In addition, Tom Lee also believes that the current political situation favors the rise of BTC, especially after Trump returns to the White House, it is expected that there will be relaxed regulations, tax cuts, and a pro-business stance. He believes that this will help drive the performance of BTC.

Trump has expressed support for BTC many times in the past and promised to promote related policies, including the establishment of a 'national BTC reserve.' Tom Lee pointed out that BTC will play a key role as a reserve asset, enhancing the stability of the financial system.

Institutional funds pouring in

At the same time, market demand is also increasing. In addition to companies like MicroStrategy continuing to buy BTC, the BTCSpot ETF launched by BlackRock is also attracting capital inflows. Analysis believes that the BTCSpot ETF has the potential to release billions of dollars of investment momentum into the market.

Currently, the market's views on the challenge of BTC to 100,000 US dollars vary. For example, on the CryptocurrencyDerivatives platform Deribit, traders' probabilities of BTC breaking 100,000 US dollars in November and December are 24% and 39% respectively.

Nevertheless, Tom Lee still believes that with Nvidia's financial report and the announcement of the new Treasury Secretary under the Trump administration, the market will see more bullish liquidation events, further fueling the rise of BTC.

[Disclaimer] The market carries risks, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

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'3 Major Bulls Support! Wall Street Bigshot Tom Lee: BTC Easily Breaks $100,000 by Year-End' This article was first published in 'encryption city'.