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Tom Lee: Bitcoin to Reach $1 Million, ETH Target Price $60,000
Summary: According to reports, Tom Lee, the founder of Fundstrat, stated that cryptocurrencies will become the core of the new financial system, predicting that the price of Bitcoin will reach $1 million, with an ETH target price of $60,000. He believes that the influx of institutions and sovereign funds will provide support for the market, and ...
According to reports, Tom Lee, the founder of Fundstrat, stated that cryptocurrencies will become the core of the new financial system, predicting that the price of Bitcoin will reach $1 million, with an ETH target price of $60,000. He believes that the influx of institutions and sovereign funds will provide support for the market, and suggests that stablecoins may provide long-term stability by purchasing US Treasury bonds. Additionally, Tom Lee pointed out that Bitcoin and Ethereum have become a case similar to Universal Basic Income (UBI), where early investors can receive economic benefits without additional work. He also mentioned that the combination of AI and financial innovation will drive cryptocurrencies into broader practical applications, changing traditional market cycles.
