Fundstrat's co-founder, Tom Lee, has revealed what seems like an overly ambitious prediction for Bitcoin (BTC) price compared to what other market pla
Based on the current outlook, all paths point to a race between President Joe Biden and his predecessor, President Donald Trump, in the 2024 Elections. It may be too early to say, though, with multiple candidates in the race.The thought of a spot BTC approval not coming does not shake Lee's optimism or confidence in Bitcoin price's ability to rise.
Still, Lee observes other factors remain in play that continue to hold a bearing on Bitcoin price, including "easing macro conditions and Fed policy." In his opinion, these fundamentals set the scene for a bullish setup all around. In his words: At the time of writing, Bitcoin price has slumped down to $28,580 after breaking off from its recent tight-night move along an
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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