Thomas Lee, CEO of Fundstrat, a financial research firm, has reiterated his bullish outlook on bitcoin, suggesting again that the digital asset is well on its way to reach $150,000 by the end of the 2024 market cycle. In an interview on CNBC’s Squawk Box on May 7, Tom Lee reaffirmed his previous prediction, expressing strong confidence in bitcoin’s ability to surge dramatically in the near future.

He projected that bitcoin, currently trading at around $62,000, could surpass its previous all-time high and hit $150,000. Lee had previously disclosed his optimistic forecast in April during an interview with CNBC Television, where he stated that bitcoin would likely achieve new all-time highs this year, with a potential surge to $150,000 in 2024, and even $500,000 in the long term…..Story continues…