Fundstrat's Tom Lee Sees Bitcoin Market Cap Increasing 1,100%, Says BTC a Far More Useful Hedge Against Calamity

The managing partner and the head of research at Fundstrat Global Advisors is predicting that Bitcoin's BTC BTC - $62779.136 market cap will one day be as much as gold's. In a new interview with Natalie Brunell, Lee says that Bitcoin's market cap could soar more than 1,100% from the current value, reaching $16 trillion.

Source: dailyhodl.com

Related symbols: BTCUSD

2024-07-24 07:15:01 GMT.

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Price & Market Data

Price: $62779.136

Volume 24h: $43,821,499,336.96

Market Cap: $1,240,283,444,272.73

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.