Bitcoin Price Will Hit $250,000 This Year, Tom Lee Claims, Despite Gold Being ‘Under-Owned’

Core Viewpoint - Tom Lee, co-founder of Fundstrat and Bitmine, predicts Bitcoin's price will surge to $250,000 this year, reaching a new all-time high, emphasizing that long-term adoption of crypto is stronger than gold despite most investors having little or no exposure to gold [1][7]. Bitcoin Price Outlook - The future price of Bitcoin is contingent on the market overcoming a significant crypto deleveraging event that previously disrupted its correlation with gold [3]. - Lee describes Bitcoin as "digital gold," but notes that the number of investors who accept this view is still smaller than the gold investor base, indicating that more people own gold than crypto [3]. Market Vulnerability - The crypto markets are susceptible to disruptions driven by leverage, with periodic deleveraging events that impair market makers, who function as the central bank of crypto [4]. Gold's Role in Investment - Lee attributes gold's strong performance to geopolitical uncertainty and expectations of easier global monetary policy, while arguing that most investors remain under-allocated in gold [4]. - He suggests that gold should be considered less as a commodity and more as an alternative currency, stating that it does not make sense to view it strictly as a commodity metal [5]. Investment Strategy - Lee advises against emotional reactions to market pullbacks, cautioning that attempts to time the market can negatively impact long-term returns [2][6]. - He emphasizes the importance of maintaining long-term investment discipline, stating that trying to time the market makes investors adversaries to their future performance [6].