Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.
The report is a first from a major Wall Street strategist on
the digital currency.
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.
The report is a first from a major Wall Street strategist on
the digital currency.
This isn't really an impossible thing to achieve but then it is not that easy to achieve either.
$20,000 in my opinion is very very likely while $55000 seems somewhat of a stretch here. I think that usually, the price of bitcoin increases by around 3-4x each pump from the last pump(we've seen from 2013 the price was $1300, now $4000+).
And by this, bitcoin should reach at least around $18,000. If we can gain a major amount of new adopters in the years before 2022 then even a crazy prediction of $55k could actually become true. But it's very circumstantial.
