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Bitcoin Could 'Easily' Reach $200,000 This Year, Says Tom Lee
Bitcoin can still reach $200,000 per coin by year-end, crypto bull and Fundstrat Global Advisors Managing Partner Tom Lee told CNBC on Monday.
Lee, who has made bold predictions in the past, said that the U.S. central bank's expected incoming interest rate cut at its next monetary policy meeting on September 17 would push the asset higher.
"Bitcoin and cryptocurrencies like Ethereum are super sensitive to monetary policy," Lee said. "I think September 17 is an important catalyst."
He added: "I think Bitcoin can easily get to $200,000 before the end of the year, and I know that's a big move.”
Bitcoin was recently trading for a little over $112,000, up less than a...