Tom Lee called the driver for the growth of bitcoin to $200,000
Fundstrat co-founder Tom Lee, in an interview with CNBC, called $200,000 a target for bitcoin and explained what contributes to its achievement.
According to the analyst, the total net worth of US households exceeds $141 trillion. The Fed's monetary policy means that over the next decade, people are guaranteed to lose money on investing in bonds.
Consequently, Li expects an influx of speculative capital into crypto that could be “huge.”
He also noted that digital money is much easier to manage and move. Another feature is the transparency and traceability of transactions.
In his opinion, the high price of bitcoin is an obstacle to mass adoption of the asset. Therefore, he supported the idea of switching to Satoshi - a millionth of a coin.
