Fundstrat: Bitcoin will reach $150,000 after spot crypto fund ETFs emerge

Tom Lee, founder of investment firm Fundstrat, said on CNBC that the approval of spot crypto fund ETFs would have a positive impact on bitcoin’s attractiveness.
For now, volatility remains weak, but as soon as regulators authorize the release of a new instrument into the U.S. market, institutional investment in the cryptosphere will increase.
By the end of 2024, BTC could reach $150,000, Tom Lee emphasized. And he does not rule out a scenario in which the largest digital currency, with more active institutional support, could soar to $180,000.

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