Michael Saylor and Tom Lee on Bitcoin's Future

Michael Saylor, co-founder of MicroStrategy and a prominent Bitcoin supporter, shared insights from Tom Lee's recent CNBC appearance. Lee, co-founder of Fundstrat, is optimistic about Bitcoin's future, predicting it could reach a six-figure price this year.

Tom Lee's Bullish Outlook

Lee suggested on CNBC that Bitcoin might become a Treasury Reserve asset for the U.S., potentially aiding in reducing the budget deficit if it gains this status.

Despite current regulatory challenges easing, Lee is confident BTC could hit $100,000 by year-end and continue to climb in 2026 and 2027. Michael Saylor agreed, stating, "Nations will adopt #Bitcoin as a Treasury Reserve Asset."

Current Bitcoin Price Movement

After an all-time high of $77,252, Bitcoin's price has slightly rebounded to $76,500. This mild recovery follows a significant 11.35% surge post-election, driven by a recent Federal Reserve interest rate cut.

Notably, Bitcoin maximalist Samson Mow believes Bitcoin will soon surpass the $80,000 mark, emphasizing the opportunity to purchase Bitcoin at a price below $0.08M.

This article was originally published on U.Today