Tom Lee, Fundstrat’s chief investment officer, Bitcoin $96,937He shared his opinion that it may face a supply shortage after exceeding the $100,000 level. Lee stated that this situation could strain crypto exchanges.
Supply Shortage Concern in Bitcoin
Tom Lee stated that Bitcoin’s limited supply is starting to pose a problem for crypto exchanges. Once it surpasses the $100,000 psychological price point, the supply shortage will become more apparent, he added.
Lee stated that Bitcoin could experience gains of up to 150% within a year from current levels, and it is highly likely that it will surpass $250,000. He said that this increase may occur due to limited supply and increased demand.
“Due to the lack of circulating supply, there may be a huge increase in demand if Bitcoin rises above $ 100,000.”
Potential Increase Expectation in BTC Price
Tom Lee also shared his 12-month expectations for Bitcoin in his program with SkyBridge Capital founder Anthony Scaramucci. Lee stated that Bitcoin could gain significant value in the coming year.
“I think it is possible, even highly likely, that Bitcoin will break above $250,000 in the next twelve months, following this price cycle.”
Currently, Bitcoin is trading at $97,244. Limited supply and increased demand may cause a significant increase in Bitcoin price.
The contraction in supply in the Bitcoin market, combined with the increase in demand, can put pressure on prices. However, the volatile nature of the market and various factors may affect the realization of these predictions. It is important for investors to act carefully in line with such predictions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
