Tom Lee of Fundstrat not too long ago shared his daring prediction that Bitcoin will outshine gold this yr, regardless of its lackluster efficiency within the first quarter.
Talking on a podcast, Lee expressed confidence that Bitcoin would emerge because the top-performing asset class, even surpassing gold. He emphasised that Bitcoin stays his high decide for 2025, regardless of its current fluctuations.
Earlier at this time, Bitcoin noticed an increase to $85,000, however it nonetheless lags over 20% behind its all-time excessive. However, gold has been performing strongly, hitting a brand new all-time excessive after a stable begin to the yr, outpacing Bitcoin’s efficiency within the first quarter.
Lee’s outlook for Bitcoin extends past this yr, as he beforehand predicted the cryptocurrency might exceed $150,000 in 2025. Whereas his previous predictions have been met with blended outcomes, Lee’s affect as a Bitcoin analyst stays important.
Reflecting on his journey, Lee recalled his first encounters with Bitcoin throughout his time at JPMorgan when the community’s worth was simply $20 billion.
He was notably intrigued by the cryptocurrency’s meteoric rise in 2017, which led Fundstrat to publish its first Bitcoin report when the asset was priced round $1,000.
