U.Today – Michael Saylor, co-founder of the MicroStrategy giant and vocal evangelist, shared a clip of Tom Lee’s recent appearance on CNBC’s Squawk Box.
The Fundstrat co-founder and head of research predicted a bullish price for Bitcoin, expecting BTC to reach “six-figure” levels this year.
Tom Lee’s Bullish Bitcoin Outlook and Saylor’s Response
Tom Lee told CNBC hosts that Bitcoin is “potentially a treasury reserve asset” of the United States. If adopted in this status and if the price increases, it could potentially assist the US reduce its budget deficit, says Tom Lee.
Although the regulatory overhang on the pioneering cryptocurrency has now begun to narrow, the Fundstrat expert is firmly convinced that BTC can still reach $100,000 by the end of this year and rise in 2026 and then 2027.
Michael Saylor reacted to Lee’s news by adding his own line which reads: “Nations will adopt #Bitcoin as a treasury reserve asset.”
A slight rebound in the Bitcoin price
After reaching an all-time high of $77,252, Bitcoin’s price has rebounded and the asset is currently changing hands at $76,500. Santiment’s recent tweet explained this decline by a rapid shift in the social narrative. Additionally, many traders started locking in their profits after BTC hit a recent all-time price high. After hitting ATH, Bitcoin bounced slightly by 1%.
Overall, from Wednesday to Friday’s record price, Bitcoin posted a staggering 11.35% post-election gain, fueled by another 25 basis point interest rate cut by the Federal Reserve.
Bitcoin maximalist and JAN3 boss Samson Mow believes that Bitcoin will soon break the $80,000 mark, as he tweeted: “You can still buy Bitcoin for less than $0.08 million.”
