Renowned Investor Anticipates Bitcoin’s Imminent Surge to $82K, Forecasts $150K by 2024

Renowned Wall Street figure, Tom Lee, also known as the “Big Bull,” has made some bold predictions regarding the future of Bitcoin. In a recent interview with CNBC, Lee, who serves as the Head of Research at Fundstrat, shared his optimistic perspective on Bitcoin’s trajectory. He believes that Bitcoin will continue to follow its long-term trend and will soon reach $82,000, with even more ambitious growth to $150,000 by the end of 2024.

Lee’s positive outlook aligns with the current market sentiment, especially as Bitcoin approaches its previous all-time high. Despite experiencing minor pullbacks, Lee’s predictions gain credibility as Bitcoin’s rally continues. The cryptocurrency’s market cap has already exceeded $1.3 trillion, driven by factors such as increased investments in Bitcoin ETFs, anticipation of the upcoming halving, and growing investor interest.

Lee’s forecast goes beyond being a mere prediction; it instills confidence and paves the way for increased institutional interest and wider adoption of cryptocurrencies. CoinGlass data shows that the CME Exchange is leading in Bitcoin Open Interest, surpassing platforms like Binance and Bybit with a surge of 5.90% from yesterday.

Currently, Bitcoin is trading at approximately $66,849.99, reflecting a 1.44% increase. Its trading volume has also surged by 82.34% to $75.32 billion, and Bitcoin Futures Open Interest has risen by 6.27% to 485.87K BTC or $32.39 billion.

However, Lee’s bullish outlook is not just a prediction; it generates increased investor confidence and potentially attracts greater institutional inflows.