Fundstrat’s Tom Lee has predicted that Bitcoin will outperform gold this 12 months throughout a latest podcast look. In reality, Lee is satisfied that Bitcoin will change into the best-performing asset class of the 12 months regardless of its underwhelming efficiency within the first quarter of the 12 months.
“Bitcoin continues to be our favourite thought for this 12 months. So we expect that it will likely be the best-performing asset class (even higher than gold),” he stated.
As reported by U.Right this moment, Bitcoin surged to the $85,000 stage earlier in the present day, however it’s nonetheless greater than 20% away from reclaiming its earlier report excessive. In the meantime, gold reached a brand new lifetime excessive earlier in the present day after tremendously outperforming its digital model within the first quarter.
As reported by U.Right this moment, Lee beforehand predicted that the flagship cryptocurrency “would do higher than $150,000” in 2025.
Lee has been one of many prolific Bitcoin worth analysts since 2018. Despite the fact that his worth predictions have a quite combined report, he stays an authoritative voice within the funding area.
He recalled that Bitcoin first got here up in a number of discussions when he was at banking big JPMorgan. Again then, the community worth of the cryptocurrency was a mere $20 billion. Bitcoin caught his consideration in 2017 after its worth skilled a 10-fold enhance. Fundstrat revealed its first report on Bitcoin when it was buying and selling at roughly $1,000.
