"3 Major Bull Factors" Support! Wall Street expert Tom Lee: BTC to easily break $100,000 by the end of the year.

Wall Street investment research firm Fundstrat's partner Tom Lee expressed a bullish view on BTC. He believes that, with the support of the three major positives of the 'Halving Effect,' 'Policy Shift,' and 'Institutional Fund Influx,' BTC will definitely break through $100,000 by the end of this year.

Tom Lee expressed confidence in Bitcoin surpassing $100,000 in a recent interview with CNBC.

I believe that by the end of this year, BTC will 'easily surpass' $100,000, which is a very reasonable target.

As of writing, the price of BTC is around $93,000, with a gap of 7.5% from $100,000.

Tom Lee believes that the key to further BTC upward movement lies in: the supply-demand tightening after the Halving, policy support, and the institutional investment frenzy.

Halving effect assists

Tom Lee emphasized that the deflationary nature and limited supply of BTC are key driving factors for its price increase.

In April of this year, the BTCHalving reduced the BTC rewards for miners by half, significantly dropping the supply of new BTC. After the previous Halvings, BTC experienced strong long positions. For example, within a year after the 2016 Halving, BTC rose by more than 1200%. Now, 7 months have passed since the Halving, and BTC is approaching the $100,000 threshold.

Political Favourable Information is expected

In addition, Tom Lee also believes that the current political situation is favorable for the rise of BTC, especially after Trump returns to the White House. It is expected that there will be relaxation of regulations, tax cuts, and a pro-business stance, which he believes will help drive the performance of BTC.

Trump has expressed support for BTC many times in the past and promised to promote related policies, including the establishment of a "national BTC reserve." Tom Lee pointed out that BTC will play a key role in serving as a reserve asset, which can enhance the stability of the financial system.

Institutional funds pouring in

At the same time, market demand is also increasing. In addition to companies such as MicroStrategy continuing to buy BTC, the BTCSpot ETF launched by BlackRock continues to attract fund inflows. Analysts believe that BTCSpot ETF has the potential to release billions of dollars of investment momentum to the market.

Currently, the market has different opinions on BTC's challenge of $100,000. For example, on the Cryptocurrency Derivatives platform Deribit, traders' probabilities of BTC breaking $100,000 in November and December are 24% and 39%, respectively.

However, Tom Lee still believes that with Nvidia's financial report and the announcement of the new US Treasury Secretary under Trump's administration, the market will usher in more 'bullish liquidation events', further stimulating the rise of BTC.

"'3 Big Bulls' Backing! Wall Street expert Tom Lee: BTC to 'easily break' $100,000 by the end of the year" This article was first published in "Blocklike".