The financial analyst has predicted that the world’s largest cryptocurrency could surge massively, doubling its current price to reach $150,000 during the 2024 crypto market cycle. Bitcoin Could Go Parabolic In 2024 During a recent interview on Squawk Box, CNBC on May 7, Lee doubled down on his previous Bitcoin forecast, expressing strong confidence that the pioneering cryptocurrency would experience a dramatic surge before the end of 2024.
Fragile Fundamentals Threaten To Send ETH Crashing The Fundstrat CEO disclosed earlier in April in an interview with CNBC Television, that "Bitcoin would definitely make new all-time highs this year,” predicting that the cryptocurrency could surge to $150,000 in 2024, and $500,000 long term. He highlighted that the strong demand for BTC has been fueling its price increase.
His unwavering confidence in the cryptocurrency’s robust price fundamentals is reflected in his expectations of a potential price surge to or even exceeding half a million in the coming years. Factors Point To Upward Momentum After FED Rate Cut While Lee made his bullish projections about Bitcoin, he also discussed the present inflationary situation and economic conditions of the United States.
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