Summary
- Tom Lee, founder of Fundstrat, stated that Bitcoin will strengthen its role as 'digital gold' and catch up with gold.
- He mentioned that as the deleveraging that led institutional Bitcoin sales is resolved, the likelihood of Bitcoin expanding its position as a non-dollar asset has increased.
- There is a forecast that Bitcoin could expand its position as a non-dollar asset like gold in the future.
There is a claim that Bitcoin (BTC) could catch up with gold as deleveraging is resolved.
On the 21st (local time), Tom Lee, founder of Fundstrat, stated in an interview with CNBC that "Bitcoin will strengthen its role as 'digital gold' and catch up with physical gold." He further evaluated, "The pressure of deleveraging, which has been leading institutional Bitcoin sales, is being resolved, increasing the likelihood that Bitcoin will expand its position as a non-dollar asset like gold."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $70,000… Korea premium at 0.31%](https://media.bloomingbit.io/PROD/news/74018332-717e-4495-9965-328fe6f56cb4.webp?w=250)
