Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Circle Looking for at least $ 5,000,000,000 for Coinbase Acquisition, possibly Nixing IPO plans: Report

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin to $150,000 in 2024? Why this executive makes this price prediction
Bitcoin

Bitcoin to $150,000 in 2024? Why this executive makes this price prediction

2024-02-22No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Posted: February 22, 2024


  • Exec believes Bitcoin could triple its current market price this year
  • As the halving approaches, the pre-halving peak is still not there

Bitcoin is struggling after a rejection that followed when the price tested $53,000 on the price charts. On February 20, the price climbed from $51,774 to just a few dollars below $53,000 before a sharp sell-off occurred. This reversal saw the value drop to a low of $50,760.

Despite this volatility, Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, remains optimistic about the potential of Bitcoin (BTC). Speak Speaking to CNBC, Lee predicted massive growth in BTC prices, stating:

“I think it could be as much as $150,000 this year.”

Factors driving BTC growth

Lee outlined several key factors contributing to this growth trajectory. The hype surrounding Bitcoin Exchange-Traded Funds (ETFs) has already increased demand, while periodic halving events limit supply. Moreover, accommodative monetary policy, which generally supports risky investments, could further fuel the rise. Lee emphasized Bitcoin’s resilience and remained confident that a significant decline in the short term is unlikely. In fact, he emphasized that Bitcoin has held up quite well.

At the time of writing, Bitcoin was exchanging hands at $51,559, down 0.57% in the past 24 hours. However, over the past four weeks the price has risen by approximately 25% CoinMarketCap.

What makes Bitcoin special?

The Co-founder of Fundstrat advocated Bitcoin as sound money. He noted:

“I think it (BTC) proves to be useful. It was great retail value, it was a good risk drug and it’s also incredibly safe.”

He also highlighted Bitcoin’s impeccable track record of not having a single fraudulent entry since its inception. This level of security is unmatched by traditional banking systems, with approximately 6% of transactions considered suspicious, according to Lee.

See also  The inflow of the past four days exceeds the first weeks

Time to buy Bitcoin?

With FOMO surrounding the market, many are rushing to take advantage of the pre-halving high. But is this the right move? Scott Melker has the answer. During the final episode of his podcasthe highlighted the infancy of the current cycle and warned against the short-sightedness of a 50-day trading perspective. He claimed,

“It’s always a good time to buy Bitcoin; it just doesn’t mean spending everything you have on Bitcoin today.”

He believes that the market has not yet seen the peak prior to Bitcoin’s halving. Despite a current decline of $2,000 from the high, Melker suggested it is wrong to focus too narrowly on short-term fluctuations. He posited that if the price of Bitcoin remains around $50,000, $49,000 or $52,000 over the next two months, this sets a promising stage for a significant increase by next fall.

Previous: Ethereum Whale Raises $250 Million ETH in Just 4 Days – A Rally Ahead?

Next: Bitcoin: Why Institutions Will Have a Say in the Future of BTC

Source link

Bitcoin Executive Prediction Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

2025-05-21

XRP – Price coil for an outbreak – is the next leg on hands?

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Societe Generale conducts blockchain-based repo transactions with the French central bank

2024-12-15

XRP Price Starts to Rise Again: Will the Bulls Cross $0.60?

2024-09-17

ORC-20 Standard, improved version of the BRC-20 What’s special

2023-05-15
Editors Picks

Layerai Cryptos 81% rise – this is what the price of LAI now drives!

2025-03-14

Analog partners with Humanode to revolutionize Blockchain security and user experience

2024-05-27

Single-day scroll transactions hit new high of 200,000: what’s causing it?

2023-11-01

Crypto company SafeMoon files for bankruptcy following the indictment of its founder and executives for fraud last month

2023-12-16
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin breaks $ 109k ATH to enter the price discovery again

Top reasons why Bitcoin price today, May 21, came in new ATH

Circle Looking for at least $ 5,000,000,000 for Coinbase Acquisition, possibly Nixing IPO plans: Report

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,992.330.94%
  • ethereumEthereum(ETH)$2,482.960.05%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.360.85%
  • binancecoinBNB(BNB)$667.643.33%
  • solanaSolana(SOL)$167.850.76%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2264622.22%
  • cardanoCardano(ADA)$0.752.70%
  • tronTRON(TRX)$0.266296-2.78%
  • suiSui(SUI)$3.880.46%
  • chainlinkChainlink(LINK)$15.731.81%
  • avalanche-2Avalanche(AVAX)$22.622.58%
  • hyperliquidHyperliquid(HYPE)$27.205.16%
  • stellarStellar(XLM)$0.2880591.53%
  • shiba-inuShiba Inu(SHIB)$0.0000141.25%
  • hedera-hashgraphHedera(HBAR)$0.1944020.93%
  • unus-sed-leoUNUS SED LEO(LEO)$8.841.01%
  • bitcoin-cashBitcoin Cash(BCH)$400.503.11%
  • the-open-networkToncoin(TON)$3.05-0.34%
  • polkadotPolkadot(DOT)$4.692.11%
  • litecoinLitecoin(LTC)$95.191.33%
  • moneroMonero(XMR)$379.719.69%
  • bitget-tokenBitget Token(BGB)$5.180.79%
  • piPi(PI)$0.8211.32%
  • pepePepe(PEPE)$0.0000130.81%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.075.00%
  • bittensorBittensor(TAO)$430.454.31%
  • aaveAave(AAVE)$246.81-5.01%
  • nearNEAR Protocol(NEAR)$2.813.21%
  • aptosAptos(APT)$5.182.49%
  • okbOKB(OKB)$52.100.25%
  • ondo-financeOndo(ONDO)$0.952.27%
  • kaspaKaspa(KAS)$0.1105232.46%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.176.77%
  • ethereum-classicEthereum Classic(ETC)$18.572.45%
  • internet-computerInternet Computer(ICP)$5.241.91%
  • gatechain-tokenGateToken(GT)$21.631.61%
  • crypto-com-chainCronos(CRO)$0.0962700.64%
  • mantleMantle(MNT)$0.74-0.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2363062.91%
  • vechainVeChain(VET)$0.0282432.06%
  • render-tokenRender(RENDER)$4.672.09%
  • ethenaEthena(ENA)$0.3879636.22%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • arbitrumArbitrum(ARB)$0.3984142.99%
  • algorandAlgorand(ALGO)$0.2251932.55%
  • filecoinFilecoin(FIL)$2.882.64%
  • bitcoinBitcoin(BTC)$106,992.330.94%
  • ethereumEthereum(ETH)$2,482.960.05%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.360.85%
  • binancecoinBNB(BNB)$667.643.33%
  • solanaSolana(SOL)$167.850.76%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2264622.22%
  • cardanoCardano(ADA)$0.752.70%
  • tronTRON(TRX)$0.266296-2.78%
  • suiSui(SUI)$3.880.46%
  • chainlinkChainlink(LINK)$15.731.81%
  • avalanche-2Avalanche(AVAX)$22.622.58%
  • hyperliquidHyperliquid(HYPE)$27.205.16%
  • stellarStellar(XLM)$0.2880591.53%
  • shiba-inuShiba Inu(SHIB)$0.0000141.25%
  • hedera-hashgraphHedera(HBAR)$0.1944020.93%
  • unus-sed-leoUNUS SED LEO(LEO)$8.841.01%
  • bitcoin-cashBitcoin Cash(BCH)$400.503.11%
  • the-open-networkToncoin(TON)$3.05-0.34%
  • polkadotPolkadot(DOT)$4.692.11%
  • litecoinLitecoin(LTC)$95.191.33%
  • moneroMonero(XMR)$379.719.69%
  • bitget-tokenBitget Token(BGB)$5.180.79%
  • piPi(PI)$0.8211.32%
  • pepePepe(PEPE)$0.0000130.81%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.075.00%
  • bittensorBittensor(TAO)$430.454.31%
  • aaveAave(AAVE)$246.81-5.01%
  • nearNEAR Protocol(NEAR)$2.813.21%
  • aptosAptos(APT)$5.182.49%
  • okbOKB(OKB)$52.100.25%
  • ondo-financeOndo(ONDO)$0.952.27%
  • kaspaKaspa(KAS)$0.1105232.46%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.176.77%
  • ethereum-classicEthereum Classic(ETC)$18.572.45%
  • internet-computerInternet Computer(ICP)$5.241.91%
  • gatechain-tokenGateToken(GT)$21.631.61%
  • crypto-com-chainCronos(CRO)$0.0962700.64%
  • mantleMantle(MNT)$0.74-0.78%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2363062.91%
  • vechainVeChain(VET)$0.0282432.06%
  • render-tokenRender(RENDER)$4.672.09%
  • ethenaEthena(ENA)$0.3879636.22%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • arbitrumArbitrum(ARB)$0.3984142.99%
  • algorandAlgorand(ALGO)$0.2251932.55%
  • filecoinFilecoin(FIL)$2.882.64%