Is $1M Bitcoin Realistic? Tom Lee Says It May Be Closer Than You Think

Fundstrat‘s Head of Research Tom Lee on Monday reiterated his long-term bullish view on Bitcoin (CRYPTO: BTC), saying the asset could surpass $1 million per coin within the next few years.

What Happened: In an interview with CNBC, Lee grounded the projection in the thesis that Bitcoin continues to gain recognition as “digital gold” and should be valued accordingly at approximately 25% of gold’s total market capitalization.

“If Bitcoin is digital gold, it should be worth over a million per coin, and it could happen in the next few years,” Lee said.

He emphasized that the cryptocurrency market has …

Full story available on Benzinga.com