A recent suggestion that the bitcoin price can hit $150,000 this year and $500,000 shortly after is based on supply-and-demand fundamentals.
Crypto market analyst Scott Melker outlined the rationale behind a recent bitcoin price target from Tom Lee of Fundstrat that predicted the bitcoin price can reach $150,000 in 2024 and conceded it could reach as high as $500,000 in the next five years, pointing to the dynamics that make it possible.
Source - The street Crypto
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