Tom Lee, co-founder of the analytical firm Fundstrat, predicts that by the end of 2024, the price of Bitcoin will reach $150,000.

He expressed this opinion in an interview with CNBC. According to Lee, despite the near-term prospects that do not anticipate corrections in the cryptocurrency market, in the long term, he reaffirms his January forecast for Bitcoin, stating that digital gold will reach $500,000 within a five-year period. He also emphasizes that Bitcoin is reliable money, proving its usefulness as a store of value and a risky asset that remains incredibly secure12.

In 2024, the quotes for the first cryptocurrency are expected to reach the $150,000 mark, as predicted by Tom Lee, co-founder of the analytical firm Fundstrat. Lee explains that factors such as ETF demand, halving reducing supply, and monetary policy easing support risky assets and Bitcoin. He also reiterates his long-term forecast of Bitcoin reaching $500,000 within five years.

Lee underscores that Bitcoin is reliable money and serves as an excellent store of value while remaining remarkably secure. Notably, there has not been a single fraudulent transaction on the blockchain since the creation of the first cryptocurrency. Earlier, Matrixport analysts predicted Bitcoin’s rise to $63,000 in March, and Pantera Capital specialists forecasted digital gold at $147,000 in 2025. 

Bitcoin pioneer Tuur Demeester speculated that by 2026, the first cryptocurrency would reach the $600,000$BTC