Tommy Lee prediction for Bitcoin

In its initial report on Bitcoin, released in 2017, Lee's Fundstrat predicted that the Bitcoin could be worth between $15,000 and $50,000 by 2022.

With Bitcoin trading near the $50,000 mark at the start of the year and falling to about $16,000 over the last few days amid the collapse of FTX, once the third-largest cryptocurrency exchange in the world, that prediction has largely come true.

A more bullish prediction about Bitcoin was made by Lee back in February, when he said that it might rise to $200K in the coming years.

He argued at the time that rising interest rates would cause bondholders to lose money in the future. As a result, many American investors will allocate their capital to alternative assets such as cryptocurrencies, potentially driving bitcoin's price to $200,000 or higher.