Tom Lee, an analyst at Fundstrat, expects the price of Bitcoin (BTC) to reach $150,000 by the end of the year.

Lee based his optimistic forecast on two main factors: increased demand due to Bitcoin ETFs and decreased supply due to the upcoming upcoming Bitcoin halving event, i.e. a three-fold increase from its current value.

In the context of his conversation with me, he stressed, “Bitcoin is still holding up, and this is another reason why I do not expect it to witness a decline anytime soon. It is a good currency that has proven to be useful, and it is an ideal store of value and a good risk asset, in addition to being extremely safe.” It is true...no incorrect financial transactions have been entered into the Bitcoin blockchain since its launch, and I do not believe that any bank can claim that this applies to its profit and loss statements (PNL) or its accounts.

Previously, Lee predicted that the price of BTC would reach $180,000 when the next halving occurred, based on estimates of the expected daily demand for ETFs amounting to $125 million per day. By February 21, the average daily demand for these funds reached $185 million.