Tom Lee, co-founder of Fundstrat Global Advisors, forecasts that Bitcoin's long-term value could soar to between $1 million and $3 million, potentially surpassing gold. Lee cites Bitcoin's limited supply and increasing institutional adoption as pivotal factors driving this growth, suggesting it as a natural evolution in store-of-value assets. He points to macroeconomic trends and heightened institutional interest as key influences, while noting skepticism from figures like Peter Schiff, who continues to favor gold. Institutional investments from major entities such as JP Morgan are expected to further stabilize Bitcoin's price and strengthen its market position.