Gold Surges, But Bitcoin Could Soon Follow, According to Tom Lee
Tom Lee, the outspoken co-founder of Fundstrat Global Advisors, believes Bitcoin is poised for a major rebound—one that could see it narrowing the gap with gold’s recent rally.
In a recent appearance on CNBC’s Squawk Box, Lee pointed out that the heavy selling pressure caused by leveraged positions in the crypto market has largely faded. With institutional investors no longer scrambling to unwind risk, he says Bitcoin is finally in a position to bounce back.
Gold, meanwhile, has been hitting record highs, surging over 30% since the start of the year and recently topping $3,470 per ounce. Bitcoin, by comparison, has lagged behind—but Lee doesn’t expect that to last. He suggested that a 36% move from Bitcoin’s current price could put it on par with gold’s performance, implying a potential BTC target around $120,000.
“With the leverage shakeout behind us, Bitcoin has room to catch up,” Lee explained, adding that reduced market strain may open the door for renewed institutional interest. He acknowledged that economic uncertainty and central bank policy could still create some volatility, but he believes the worst is likely over for Bitcoin.
Looking further ahead, Lee has maintained an ambitious long-term forecast. He’s stood by his call that Bitcoin could hit $250,000 by the end of 2025. And he’s not just bullish on BTC—Lee also expects Ethereum to break higher, projecting a range between $5,000 and $6,000.
While gold continues to rally in a world increasingly wary of fiat currencies, Lee sees Bitcoin following a similar path as the digital counterpart to traditional safe-haven assets.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
