Tom Lee: Bitcoin could ultimately reach $3 million

This is the same person who was bullish on Bitcoin when it was only $1,000, and now he has given his judgment again. His logic isn’t complicated:
▪️ At present, there are about 4 million wallets worldwide holding Bitcoin worth more than $10k;
▪️ while the number of brokerage accounts with assets of more than $10k worldwide is close to 900 million;
▪️ the people who truly allocate to Bitcoin are still only a tiny minority.
At the same time, more and more new capital is entering the market:
▪️ Sovereign states are starting to buy Bitcoin
▪️ Retirement funds are gradually allocating to Bitcoin
▪️ Some central banks are continuing to increase their Bitcoin holdings
▪️ Japan is pushing forward with Bitcoin ETFs
And Bitcoin’s total supply will always be only 21 million BTC.
Regarding Bitcoin’s long-term price, more and more people from traditional finance are offering their own views:
▪️ Larry Fink: $10k
▪️ VanEck: $10k
▪️ Michael Saylor: $700k
▪️ Tom Lee: $1M
These figures may seem hard to believe now, but looking back, every time a price was once deemed “impossible,” it eventually came true.