Tom Lee, Chief Investment Officer at Fundstrat, believes that Bitcoin 
$98,722 may encounter supply shortages after surpassing the $100,000 mark. He indicated that this situation could pressure cryptocurrency exchanges.
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.
