Fundstrat’s Tom Lee foresees US$1m–$1.5m target for Bitcoin in sight
26th May 2025 – (New York) Tom Lee, the co-founder, managing partner, and head of research at Fundstrat Global Advisors, is optimistic about Bitcoin’s future trajectory as its adoption continues to expand. During his recent appearance at the Consensus conference in Canada, Lee expressed his belief that Bitcoin should ultimately attain a network value comparable to that of gold.
A staunch advocate for Bitcoin (BTC), Tom Lee has consistently championed the leading digital asset. Earlier this year, he predicted that Bitcoin would outperform all other assets in 2025, surpassing even the performance of gold. Known for his accurate market predictions, Lee highlighted at the Consensus conference in Canada that BTC should be viewed as a network value asset.
Lee stated, “Bitcoin is akin to a Swiss Army knife as it fulfills the role of a risk-on asset and a network value asset. As more individuals embrace Bitcoin, it continues to account for a significant portion of the price increase. Moreover, it serves as an excellent safe haven asset. Over the next decade, Bitcoin is poised to achieve a network value equivalent to that of gold.”
Lee elaborated, saying: Considering gold as a $23 to $30 trillion asset, Bitcoin should ideally reach a value of at least one million to one and a half million dollars.
Lee has consistently maintained that as Bitcoin garners increased support from both individuals and institutions, its network value expands. This positions Bitcoin as an appealing alternative to gold, particularly in a period marked by inflation, currency dilution, and financial uncertainty. Lee envisions Bitcoin as a dual asset: a risk-on technological asset and a safe haven, suggesting that its market capitalization could one day surpass that of gold, provided it achieves comparable global recognition as a store of value.
However, achieving parity with gold necessitates sustained trust, infrastructural development, and macroeconomic conditions favoring decentralized alternatives in a fragmented financial landscape.
Bitcoin’s price has soared amidst a fragile global macroeconomic environment. Escalating bond yields in the US and Japan, coupled with a slowdown in global growth and record low consumer confidence in the US, have further contributed to Bitcoin’s upward trajectory.
While rising bond yields historically exert downward pressure on risk assets, the divergence between stocks and Bitcoin suggests a shift in investor sentiment. As confidence in traditional systems wanes, assets like stocks and Bitcoin emerge as favorable investments, even amidst their perceived risk.