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Crypto Analyst Predicts 119% Surge In Bitcoin, Citing Promise Of Spot ETF And Upcoming Halving: ‘We’ve Got More Visible Demand’

Tom Lee, the founder and head of research at Fundstrat Global Advisors, has reinforced his bullish stance on Bitcoin (CRYPTO: BTC), projecting a significant surge in its value. In an interview with CNBC this week, Lee predicted that Bitcoin’s price could increase approximately 119% in the next 12 to 18 months, potentially pushing it over $150,000. This optimistic forecast is based on several key factors that Lee believes create a favorable environment for Bitcoin’s growth. According to Lee, “the backdrop for Bitcoin is so much more favorable today,” citing increased demand from the spot exchan…