Tom Lee Predicts Bitcoin to Overtake Gold and Reach $1M
Veteran strategist Tom Lee of Fundstrat Global Advisors has reinforced his long-term bullish stance on Bitcoin, declaring it a viable replacement for gold and forecasting a $1 million valuation in the coming years. He highlighted Bitcoin’s evolution from a niche tech asset to mainstream store of value, citing growing institutional adoption and declining confidence in traditional hedges. Lee expects Bitcoin to finish this cycle building on the $120,000 level, then advancing toward $200,000–$250,000 by year-end, before ultimately targeting $1 million. He noted the four-year market cycle nearing completion as key institutions accumulate Bitcoin as long-term holdings. Meanwhile, Japanese firm Metaplanet added 775 BTC to its treasury, bringing its total to 18,888 BTC (≈$1.9 billion), underscoring robust corporate demand. Traders should watch Bitcoin’s cycle dynamics and institutional flows for future price catalysts.
Bullish
Lee’s bold forecast and framing of Bitcoin as a replacement for gold reinforce a bullish market sentiment. Historically, positive price predictions by influential strategists have triggered buying momentum. The cited end of Bitcoin’s four-year cycle and growing institutional adoption—evidenced by Metaplanet’s substantial BTC purchase—suggest renewed capital inflows. In the short term, targets of $120,000, $200,000, and $250,000 could attract traders, increasing volatility and trading volume. Long-term, the million-dollar projection underscores confidence in Bitcoin’s scarcity and store-of-value thesis, likely sustaining accumulation by institutions and retail investors, which could support sustained price appreciation.