Degen

Tom Lee, Director of Research at Fundstrat, predicted that the price of Bitcoin will reach more than $250,000 in the next 12 months in an interview with Anthony Scaramucci, founder of SkyBridge Capital.
He attributed the increase to Bitcoin’s current technical trend and the new US administration’s pro-cryptocurrency policies. Lee believes that Bitcoin has the potential to become a strategic reserve asset for the US, which could have a positive impact on its legitimacy. He also noted that the use of Bitcoin on corporate balance sheets, such as MicroStrategy, has created a lot of value for shareholders.
Lee predicts that Bitcoin’s market cap will reach $16 trillion, with investors increasingly considering it as a more useful store of value than gold.