In a recent interview, Tom Lee shared his views on Bitcoin's future and its potential as an asset.
Predictions for Bitcoin's Price Growth
Lee noted that Bitcoin's price growth continues to be primarily driven by adoption. He believes this trend will accelerate over the next decade.
"Bitcoin really does meet the fact that it’s a risk-on asset, but it’s also a network value asset," said Lee. "As more people adopt Bitcoin, it still explains most of the increase in price."
Bitcoin as a Safe Haven
Lee also emphasized that Bitcoin is emerging as a safe haven, especially in an era of inflation, debt-driven economies, and monetary debasement. He believes the most straightforward valuation model for Bitcoin is to compare it to gold, which is echoed by other top macro investors.
Bitcoin as the New Financial Internet
According to Lee, his long-term outlook aligns with a growing number of voices who see Bitcoin not just as digital gold, but as the base layer of a new financial internet. This explains why he believes Bitcoin could eventually trade at $1 million to $1.5 million per coin, assuming it reaches full parity in terms of global store-of-value demand.
Thus, Tom Lee's predictions could serve as an important indicator for the future development of Bitcoin as an asset.
