Tom Lee, the former Chief Equity Strategist at J.P. Morgan and Co-founder of FundStrat Global Advisors, shared his insights on Bitcoin's potential during an interview with CNBC. He believes that Bitcoin is poised to become a reserve currency for treasuries, reflecting its growing adoption and importance in the global economy.
Lee projects that Bitcoin could reach a price of $100,000 by the year 2024. His prediction is based on several factors, including increasing institutional interest and widespread acknowledgment of Bitcoin as a store of value and digital gold.
Lee's optimistic outlook positions Bitcoin not just as an investment asset but as a crucial component of the financial infrastructure of the future. As Bitcoin continues to gain credibility, its role in the financial sector is likely to expand, potentially transforming how treasuries manage reserves.
