Fundstrat’s Tom Lee believes Bitcoin’s price growth is fueled primarily by adoption trends that he predicts will accelerate over the next decade. According to Lee, Bitcoin’s rise can be attributed to its role as both a risk-on asset and network value asset, and increased adoption will continue to drive price increases. He further explains how Bitcoin has emerged as a safe haven in an era of inflation, debt-driven economies, and monetary debasement. Comparing Bitcoin’s market cap to gold provides insight for Lee’s long-term prediction: if Bitcoin reaches full parity with gold in terms of global store-of-value demand, he believes its price could climb to between $1 million and $1.5 million per coin. Lee states this idea reflects the argument made by other macro investors, emphasizing the importance of Bitcoin as a cornerstone of a new financial internet.