In a world where gold has long reigned supreme, Fundstrat’s Tom Lee, with the audacity of a man who’s seen too many spreadsheets, has declared that Bitcoin will outshine the precious metal this year. Yes, you heard it right—Bitcoin, the digital enigma that’s as volatile as a cat on a hot tin roof, will allegedly become the year’s best-performing asset. 🚀
“Bitcoin is still our favorite idea for this year. So we think that it will be the best-performing asset class (even better than gold),” Lee proclaimed, as if he were Moses descending from Mount Sinai with a tablet of financial commandments. 📜
Meanwhile, Bitcoin, in its usual erratic fashion, surged to $85,000 today, still shy of its previous record high by a cool 20%. Gold, on the other hand, smugly reached a new lifetime high, as if to remind everyone that it’s been around since the Pharaohs and isn’t going anywhere. 💰
Lee, who has been predicting Bitcoin’s meteoric rise since 2018, previously claimed the cryptocurrency would “do better than $150,000” in 2025. Whether this is a stroke of genius or the ramblings of a man who’s spent too much time staring at candlestick charts remains to be seen. 🤔
He reminisced about his days at JPMorgan, where Bitcoin was a mere $20 billion blip on the radar. Fast forward to 2017, and the cryptocurrency’s price skyrocketed tenfold, catching Lee’s attention like a shiny object in a magpie’s nest. Fundstrat’s first report on Bitcoin was published when it was trading at around $1,000—a time when most people still thought it was a fad. 🕰️
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2025-03-15 00:07