{"id":139382,"date":"2023-09-02T01:47:42","date_gmt":"2023-09-01T20:17:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=139382"},"modified":"2023-09-02T01:47:42","modified_gmt":"2023-09-01T20:17:42","slug":"one-catalyst-could-trigger-bitcoin-to-explode-by-more-than-450-predicts-fundstrats-tom-lee-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/one-catalyst-could-trigger-bitcoin-to-explode-by-more-than-450-predicts-fundstrats-tom-lee-crypto-news\/","title":{"rendered":"One Catalyst Could Trigger Bitcoin To Explode by More Than 450%, Predicts Fundstrat\u2019s Tom Lee &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Fundstrat Global Advisors managing partner Tom Lee says one catalyst could spur Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\">BTC<\/a>) to hit a six-figure price.<\/p>\n<p>In a new CNBC interview, Lee <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=ir8jYyrBY5s\">says<\/a> that demand for Bitcoin could skyrocket if and when a spot Bitcoin exchange-traded fund (ETF) is approved in the US by the U.S. Securities and Exchange Commission (SEC).<\/p>\n<p><i>\u201cIf the spot Bitcoin [ETF] gets approved, I think the demand will be greater than the daily supply of Bitcoin. And so the clearing price, this is done by Sean Farrell who\u2019s our crypto digital strategist, is over $150,000. It could even be like $180,000\u2026<\/i><\/p>\n<p><i>A spot US because a spot Bitcoin ETF is approved outside the US.\u201d<\/i><\/p>\n<p>Bitcoin is trading at $26,432 at time of writing and would need to appreciate by between 467% and 580% to reach Fundstrat\u2019s forecast.<\/p>\n<p>On Bitcoin\u2019s likely price action if a spot BTC ETF fails to win approval in the US, Lee says,<\/p>\n<p><i>\u201cThere\u2019s still upside because of the halving next year. So you\u2019ll have a drop in supply again so the clearing price has to increase. But it won\u2019t be six figures.\u201d<\/i><\/p>\n<p>According to the Bitcoin bull, the Federal Reserve\u2019s monetary policy going forward will impact crypto assets.<\/p>\n<p><i>\u201cCrypto is dependent on monetary policy. So if inflation is cooling, then we can start to bet on forward financial conditions easing and the central bank easing sooner. That\u2019s bullish for crypto, alternative assets.\u201d<\/i><\/p>\n<p><iframe loading=\"lazy\" title=\"Inflation is on a glide path towards sub-2% by the middle of next year, says Fundstrat&#039;s Tom Lee\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/ir8jYyrBY5s?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #ffffff\">I<\/span><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a rel=\"nofollow noopener\" target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fundstrat Global Advisors managing partner Tom Lee says one catalyst could spur Bitcoin (BTC) to hit a six-figure price. In a new CNBC interview, Lee says that demand for Bitcoin could skyrocket if and when a spot Bitcoin exchange-traded fund (ETF) is approved in the US by the U.S. Securities and Exchange Commission (SEC). \u201cIf [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":139383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-139382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=139382"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139382\/revisions"}],"predecessor-version":[{"id":147747,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/139382\/revisions\/147747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/139383"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=139382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=139382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=139382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}