Fundstrat Research Managing Director Tom Lee said that Bitcoin (BTC) investors are expected to gain significant returns.
Lee, known for his bullish stance on Bitcoin, claims that the digital currency is on track to reach $150,000, which represents a more than 130% increase from its current price of $62,600.
This forecast may surprise cryptocurrency holders who recently experienced a downturn after reaching record highs of just over $73,700 at the beginning of 2024.
Furthermore, Lee attributed the sell-off in part to concerns over the repayment of owed amounts by Mt. Gox, the cryptocurrency exchange that declared bankruptcy a decade ago.
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However, he predicts that the impact of these repayments will diminish, leading to another significant rally for Bitcoin later this year.
