Bittime - Thomas Jong Lee, Chief Executive Officer (CEO) of independent financial research company Fundstrat, is still pessimistic about Bitcoin. According to financial analysts, the world's largest crypto asset will surge dramatically and double its current price to reach $150,000 by 2024.
2024 Bitcoin May Go Parabolic
Lee expressed confidently in a recent interview on CNBC's Squawk Box on May 7 that Bitcoin, currently valued at $62,371 according to CoinMarketCap, will reach an all-time high and reach $150,000.
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Bitcoin Price Will Experience an Increase
Fundstrat's CEO said in an interview with CNBC Television in April saying, "Bitcoin will definitely hit an all-time high this year."
He also predicted that the price of the crypto asset could increase to $150,000 by 2024 and possibly reach $500,000 in the long term.
He emphasized that Bitcoin's price increase was a result of strong demand. Additionally, the incorporation of Protocol Rune, which is a new token standard for issuing comparable tokens on the Bitcoin network, has strengthened the blockchain network.
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Factors Indicating Potential Increase After FED Rate Cut
Lee not only talked about inflation and the current economic conditions of the United States, but also made bullish projections about Bitcoin. The CEO of Fundstrat claims that if US inflation eases drastically, it will fuel Bitcoin's rise.
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The CEO also said the Federal Reserve (FED) currently has more opportunities to lower interest rates because of its impact on the country's banking balance sheet. A decline in the US inflation rate may occur in the second half of 2024, but he does not know when exactly.
How To Buy Bitcoin (BTC) With Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with BTC IDR pairing.
To be able to buy BTC tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn How to Buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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