Tom Lee, co-founder of Fundstrat Global Advisors, known for his bold predictions for Bitcoin (BTC), spoke about Bitcoin. Referring to gold's record-breaking run, Tom Lee said he expects Bitcoin to catch up with gold. Speaking on CNBC's Squawk Box, Lee noted that the deleveraging pressure that had pushed institutional investors to sell in the Bitcoin market has disappeared. At this point, he stated that Bitcoin will recover rapidly and catch up with gold as institutional investors reduce leverage. Lee noted that high leverage is one of the main factors that suppresses the Bitcoin price, especially on weekends. “Now that the deleveraging is complete, I think Bitcoin will catch up with gold. Bitcoin's old high was over $110,000, so I think there's a lot of room to catch the top as a non-dollar asset.” Lee predicted that Bitcoin could catch up with gold as investor confidence returns, but said that uncertainty could continue due to economic risks and Fed policy discussions, but the worst appears to be over for BTC. While gold is running from record to record, Bitcoin has fallen in contrast to gold. Gold prices have increased by 30.31% since the beginning of the year, reaching $3,470 per ounce. According to this data, BTC would need to rally 36.61% from current levels to catch up with gold, which would equate to a rally to $120,507. In his previous statements, Tom Lee shared his expectations for the markets in 2025 and stated that he expects Bitcoin to reach approximately $250,000 by the end of 2025. Lee also stated that he expects Ethereum (ETH) to show a strong performance and reach $5,000 to $6,000. *This is not investment advice. Continue Reading: Legendary Bullish Analyst Tom Lee Compares Bitcoin to Gold, Reveals His BTC Expectations!
