Fundstrat founder Tom Lee has projected that Bitcoin will reach $1 million and Ethereum will hit $60,000, as cryptocurrencies become central to the new financial system. Lee attributes this growth to the influx of institutional and sovereign funds, which he believes will bolster the market. He also suggests that stablecoins could enhance fiscal stability by purchasing US Treasury bonds.
Lee further compared Bitcoin and Ethereum to "universal basic income" (UBI), where early investors benefit financially without additional effort. He emphasized that the integration of AI and financial innovation will expand the practical applications of cryptocurrencies and alter traditional market cycles. Previously, Lee predicted Ethereum would rise to $5,500 in the coming weeks and reach $10,000 to $12,000 by year-end.
Tom Lee Forecasts Bitcoin at $1 Million, Ethereum at $60,000
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