Bitcoin price to hit $150,000 this year - Fundstrat's Tom Lee

According to Tom Lee, Head of Research at Fundstrat, Bitcoin (BTC) investors are poised for significant gains.

Lee, known for his bullish stance on Bitcoin , claims that the digital currency is on its way to $150,000, representing a more than 130% increase from its current price of $62,600.

This one forecast could surprise holders of the cryptocurrency, which recently went through a decline after reaching record highs at just above $73,700 in early 2024.

Lee also attributed the selloff in part to concerns about the payout of amounts owed by Mt. Gox – the crypto exchange that declared bankruptcy ten years ago.

However, he predicts that the impact of these payouts will diminish, leading to another significant rally for Bitcoin later this year.