Tom Lee Expects Bitcoin to Break $100,000, Institutions Bet on a Big Q4

Tom Lee stated on CNBC that there are currently few cryptocurrency holders and believes Bitcoin has the potential to break $100,000, although it may be affected by interest rate hikes. He pointed out that long-term yields are rising, and if the Federal Reserve raises interest rates while long-term yields decline, it could indicate monetary easing. He believes that this is just the first wave of the rally, and many have failed to participate in time. Institutional investors are buying cryptocurrency-related stocks, with trading volumes significantly increasing, indicating their bet on a big market in the fourth quarter. He believes the possibility of Bitcoin reaching $150,000 still exists.

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