Tom Lee Predicts Bitcoin Surge Towards $150,000 – $200,000 by Year’s End

Fundstrat Global Advisors Research Head and Fundstrat Capital CIO Tom Lee discussed year-end market forecasts on CNBC’s ‘Squawk Box’. He expects robust gains for traditional markets but emphasized his bullish predictions for cryptocurrencies. According to Lee, Bitcoin is poised for a strong rally in the latter half of 2023, potentially reaching levels unseen before. He highlights the end of a period of significant crypto market volatility following one of the largest liquidations witnessed in October as a key driver for this prediction. He cites stablecoin volume growth on Ethereum and record-breaking platform revenues as evidence of strong fundamentals pushing the price higher.