BitcoinBTCIndustry AnalysisNews

Fundstrat Predicts Bitcoin Could Hit $500k Within Five Years

1 Mins read

Market research boutique Fundstrat envisions Bitcoin (BTC) reaching $500,000 per coin within the next five years – in large part due to expected Bitcoin spot ETF approvals.

“I think in five years, something around half a million would be potentially achievable,” said Fundstrat’s Tom Lee in an interview with CNBC on Wednesday.

How Meaningful Is A Bitcoin ETF?

Lee stood by his prior predictions that Bitcoin could reach above $100,000 and possibly tap $150,000 within 2024 alone.

“There’s a finite supply, and now we have a potentially huge increase in demand with a spot Bitcoin approval,” he explained.

Bitcoin underwent major volatility on Tuesday after a fake SEC tweet claiming spot ETFs were approved sent the asset to a new multi-year high of $47,800.

Industry figureheads have predicted for months that ETF approvals would unlock vast pools of institutional capital previously incapable of purchasing spot Bitcoin.

In November, ex-NYSE president Tom Farley – who now spearheads his own crypto exchange – predicted that money will “flood” into Bitcoin after ETF approvals.

Impending Capital Inflows To Bitcoin

According to Lee, approvals will likely establish a generational divide in terms of how investors gain exposure to Bitcoin.

While younger investors may prefer to own the coins in their actual wallets, those over age 50 – who control 76% of all wealth in America ($120 trillion) – may stick to public markets and proxies.

“There’s a generation of folks who would rather allocate through their 401(k), or through public markets, or liquid assets,” Lee added.

The analyst previously called for $180,000 BTC by the April 2024 “halving” back in June, due to expectations that an ETF might have been approved by Q3 of last year.

Lee isn’t alone in his bullish projections. Bernstein analysts wrote in November that Bitcoin would likely reach $150,000 by mid-2025 based on its theoretical four-year-cycle.

On Monday, Standard Chartered published a note calling for Bitcoin to reach $200,000 by the end of 2025, with ETFs soaking in $50 billion to $100 billion by the end of this year.

Meanwhile, April’s halving event is widely expected to trigger a supply crunch for new coins, coupling a supply shock with the demand shock brought about by ETFs.


1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Related posts

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥 will not disclose your account information to any 3rd parties.