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Reading: Tom Lee Predicts Bitcoin Faces Supply Shortage After Surpassing $100,000
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COINTURK NEWS > Bitcoin (BTC) > Tom Lee Predicts Bitcoin Faces Supply Shortage After Surpassing $100,000
Bitcoin (BTC)

Tom Lee Predicts Bitcoin Faces Supply Shortage After Surpassing $100,000

In Brief

  • Tom Lee emphasizes potential Bitcoin supply shortages after reaching $100,000.

  • He projects substantial gains for Bitcoin within the next year, possibly exceeding $250,000.

  • Market volatility may affect these price predictions and investor strategies.

Fatih Uçar
Fatih Uçar 6 months ago
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Tom Lee, Chief Investment Officer at Fundstrat, believes that Bitcoin $107,964 may encounter supply shortages after surpassing the $100,000 mark. He indicated that this situation could pressure cryptocurrency exchanges.

Contents
Concerns Over Bitcoin Supply ShortageExpectations for Potential BTC Price Increase

Concerns Over Bitcoin Supply Shortage

Lee expressed that Bitcoin’s limited supply is starting to pose challenges for cryptocurrency exchanges. He added that the supply shortage would become more pronounced once it surpasses the psychological price level of $100,000.

Lee suggested that Bitcoin could experience gains of up to 150% within a year from its current levels, with a high likelihood of exceeding $250,000. He stated that this increase could occur due to the constrained supply and rising demand.

“A significant surge in demand may occur if Bitcoin surpasses $100,000 due to limited circulating supply.”

Expectations for Potential BTC Price Increase

Moreover, Lee shared his 12-month outlook for Bitcoin during a program with Anthony Scaramucci, founder of SkyBridge Capital. He indicated that Bitcoin could gain substantial value within the next year.

“I believe it is possible, even likely, that Bitcoin will exceed $250,000 within the next twelve months, following this price cycle.”

Currently, Bitcoin is trading at approximately $97,244. The combination of limited supply and increased demand could lead to a significant rise in Bitcoin’s price.

The narrowing supply in the Bitcoin market, combined with rising demand, could pressure prices. However, the volatile nature of the market and various factors could impact the realization of these predictions. It is crucial for participants to act cautiously in light of such forecasts.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 4 December, 2024 - 11:14 pm 4 December, 2024 - 11:14 pm
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