Tom Lee, director of research at the investment research firm Fundstrat, recently stated in an interview with CNBC that he believes Bitcoin could surpass $100,000 in the next 12 months, possibly even reaching $150,000, and could potentially reach around $500,000 in the next five years.
Lee went on to say that many young investors tend to follow the principle of “my keys, my coin” when it comes to purchasing Bitcoin through exchanges, meaning they prefer to have direct control over their private keys. However, he also predicted that older generations of investors may still prefer to hold the asset through public markets and intermediaries.