Tom Lee Predicts $3M BTC — Hopium or Real Talk?

[philipma1957]

Tom Lee from Fundstrat recently made headlines on CNBC, saying Bitcoin could one day hit $3,000,000 and called it “the best asset in human history.”

Sounds bullish, but the market right now tells a different story.
BTC is moving slow after the halving, ETH is stagnating, and overall sentiment feels cautious. There’s no strong catalyst pushing prices up yet, and macro uncertainty (like global trade tensions and weak risk appetite) still hangs over the market.

We’re also seeing how the classic “Sell in May and go away” pattern is partly playing out — trading activity is down, and some funds are clearly sitting on the sidelines.

Could this just be a cooldown before the next leg up? Or are the bulls too optimistic again?

You sir put BTC into a comparison to ETH.

This is shameful behavior on your part.

[mich]

Well I do hope it will be this price at some day. But he did say it will be some day we do not know that could be in 100 years from now for when he does think that.

So if price of Bitcoin does make $3 Million in 100 years none of us on here are going to be a live. We will not be able to see this price. But it is different if he says it will happen in like next 20 years or some time sooner.

[fuguebtc]

People don't understand what the market cap is, they think that the price of the Bitcoin comes out of thin air. They don't look at numbers, they don't understand that the market cap of the Bitcoin is $2.11 trillion. Gold's market cap is $22.68 trillion. Bitcoin will be worth 1 million USD when the market cap reaches $22 trillion. In order for Bitcoin to reach $3 million price per coin, to roughly say, the market cap should be $60 trillion USD.
Gold has been the oldest and the most adopted currency and asset and its market cap is $22 trillion. There is no way for Bitcoin to reach 3 million price per coin in the near future, it will take few decades.

Predicting that BTC will reach 3  million in the next few decades is still an overly optimistic prediction  , I even think it will take centuries for bitcoin to reach that level.


No matter how great the potential and demand for bitcoin is ,  its growth will depend entirely on cash flow and economic growth.Meanwhile , according to my research, the world economy's GDP in 1980  was  20 trillion and has reached over 100 trillion in 2023.  That means it took nearly half a century for global GDP to increase by 80 trillion, and the growth of the world economy is a combination of technological development, innovation and the efforts of more than 8 billion people. Meanwhile, bitcoin is just a speculative asset and so far less than 10% of the population is interested and invested in it .  How could it add another $58 trillion in just a few decades ?

Honestly , even though I am also a bitcoin investor, but I am still quite confused by some people's bitcoin price predictions.

[milewilda]

Tom Lee from Fundstrat recently made headlines on CNBC, saying Bitcoin could one day hit $3,000,000 and called it “the best asset in human history.”

Sounds bullish, but the market right now tells a different story.
BTC is moving slow after the halving, ETH is stagnating, and overall sentiment feels cautious. There’s no strong catalyst pushing prices up yet, and macro uncertainty (like global trade tensions and weak risk appetite) still hangs over the market.

We’re also seeing how the classic “Sell in May and go away” pattern is partly playing out — trading activity is down, and some funds are clearly sitting on the sidelines.

Could this just be a cooldown before the next leg up? Or are the bulls too optimistic again?

We are already having those discussions and debates about hitting up $1M per coin on Bitcoin. Now we are talking about $3M per coin. If we do try out to check about into tokenomics literally then we can say that these are numbers that nearly impossible to achieve on. Im not that negative since there's no way that we can predict on what the future looks like but talking up realistically then we can say that its that not simple and we would be needing up that global scal kind of adoption. Come to think on how many assets and companies that would be overtaken if we do speak about with that price. For you not to be that making yourself being that too optimistic then its much better that you shouldnt be that optimistic that much on that scale because it will be just that making yourself that being disappointed at the moment that it wont be able to reach out. We've seen tons of speculations about into those prices that it is just that way too above or even just simply talking about $300-500k price isnt something a level that could be easily achieved, but since we dont really know on what would happen in the future then there's no way that we can be able to tell on where it would be heading because community support,demand and adoption will be always the key on where prices could possibly go. If you do have high hopes about for the long term aspect then accumulate or making up some dca method into your Bitcoin investment will be the wisest idea to be done but of course always think about the risks involved. Always that having that consideration on using up into the amount on which you can afford to lose. Dont go all in so that whenever the market do make out some correction then you wont easily freak out and panic selling.

[dezoel]

Well I do hope it will be this price at some day. But he did say it will be some day we do not know that could be in 100 years from now for when he does think that.

So if price of Bitcoin does make $3 Million in 100 years none of us on here are going to be a live. We will not be able to see this price. But it is different if he says it will happen in like next 20 years or some time sooner.

We all hope for that because that simply means we are going to be rich when that moment happens even if there is no guarantees for that because man, 3 million dollars is such as huge amount. We don't even know if Bitcoin can reach a million dollars.

I think the reason why he said " some day " is because of the unexpected nature of Bitcoin. Life is unpredictable as well. We never know what if it is only our last day on earth now? That is why we must cherish every moment. Be it, if the price of Bitcoin now isn't that huge but as long as it gives us a profit already, then that should be fine to make celebrations even if it is also a small one.

[bitzizzix]

I will go beyond Tom Lee's prediction and I will predict that Bitcoin will reach $10 million.
Who can say whatever they want in terms of predictions and the difference is because they are famous and maybe some people can believe them but I think all predictions will definitely be right on time because the price of Bitcoin will definitely reach the price of whoever predicts it and it's all a matter of time and the right time when it will happen because time is unpredictable, and they make predictions because they know the potential of Bitcoin in the future that its price will continue to increase and this is what requires us to continue to collect more Bitcoin and hold it until it reaches the price we want to get a very satisfying profit.

[JeffBrad12]

Realistically speaking BTC can even go to $10m if there's hyperinflation caused by massive money printing from countries across the world.
We haven't faced real crisis and this could turns things around, maybe turning current fiat value to be a lot lesser than what we have right now.
In that scenario, BTC price reaching millions is realistic enough, even right now price is already going up so high.
No matter how you see it, the only way for BTC is to reach million dollar price because fiat just gonna lose its value.

[DanWalker]

Realistically speaking BTC can even go to $10m if there's hyperinflation caused by massive money printing from countries across the world.
We haven't faced real crisis and this could turns things around, maybe turning current fiat value to be a lot lesser than what we have right now.
In that scenario, BTC price reaching millions is realistic enough, even right now price is already going up so high.
No matter how you see it, the only way for BTC is to reach million dollar price because fiat just gonna lose its value.

It depends. If there is a real crisis and hyperinflation, the price of bitcoin will only increase and be worth millions of dollars if people see it as a safe haven like gold and the demand for it increases. But if the world still sees it as just a speculative asset, it will be dumped along with fiat money.

The truth is that until now, bitcoin has never faced truly serious challenges like gold has experienced such as world wars, the great depression (1929-1939) or the global financial crisis of 2007-2008...Until that happens, we can't even be sure it will survive, let alone reach millions of dollars.

[shield132]

Tom Lee from Fundstrat recently made headlines on CNBC, saying Bitcoin could one day hit $3,000,000 and called it “the best asset in human history.”

Sounds bullish, but the market right now tells a different story.
BTC is moving slow after the halving, ETH is stagnating, and overall sentiment feels cautious. There’s no strong catalyst pushing prices up yet, and macro uncertainty (like global trade tensions and weak risk appetite) still hangs over the market.

We’re also seeing how the classic “Sell in May and go away” pattern is partly playing out — trading activity is down, and some funds are clearly sitting on the sidelines.

Could this just be a cooldown before the next leg up? Or are the bulls too optimistic again?

Tom Lee predicts $3 million but he didn't mention a date. Will that happen in 2050? Probably yes but before that date, there is no chance for that because of the simple math. For Bitcoin to reach 3 million dollars, it needs to go from 2 trillion market cap to 60 trillion usd market cap. 60 trillion is half of all bank deposits. There is no way for that to happen, the only possibility is if the US starts printing dollars like Germany printed their national currency during the First World War and somehow almost all of that money ends up in being invested in Bitcoins.

[BALIK]

One thing I noticed is that celebrities often make exaggerated predictions about bitcoin like it will hit 3 million or 5 million or even Saylor predicted that bitcoin will hit 13 million by 2045. They seem to just make random predictions, based more on emotion than their own data or analysis. I have never seen anyone who can give any analysis about their predictions.


What's even funnier is that every time they interview, they give different predictions. Like Robert Kiyosaki keeps making predictions about bitcoin both short term and long term but so far, he has never been right.

They just make random predictions but many of us take them seriously while we are also aware that the future is unpredictable.

[JeffBrad12]

It depends. If there is a real crisis and hyperinflation, the price of bitcoin will only increase and be worth millions of dollars if people see it as a safe haven like gold and the demand for it increases. But if the world still sees it as just a speculative asset, it will be dumped along with fiat money.

The truth is that until now, bitcoin has never faced truly serious challenges like gold has experienced such as world wars, the great depression (1929-1939) or the global financial crisis of 2007-2008...Until that happens, we can't even be sure it will survive, let alone reach millions of dollars.

That's actually a fair point to think about, as far as I can see, BTC can be hedge against inflation as long as the economy isn't too broken like currently where so many countries are printing money, bitcoin can be a good hedge and to retain value of our wealth.
Put other factor such as big crisis and people might dump it in exchange of food or even gold. But honestly, I'm also curious what would bitcoin be in the middle of great crisis.

[DanWalker]

But honestly, I'm also curious what would bitcoin be in the middle of great crisis.

I do not deny the potential of bitcoin and I also agree that bitcoin has the opportunity to become an asset class like gold or even better. But we need to be realistic, bitcoin was born in peacetime, it only increases in price on positive news and easily decreases in price on negative news, and has never experienced a serious recession. So the claim that bitcoin is a safe haven like gold is just a biased statement coming from bitcoin investors. In fact, that has not been proven yet.

I believe bitcoin will be able to become a safe haven but it will take more time, not now.

[davis196]

saying Bitcoin could one day hit $3,000,000 and called it “the best asset in human history.”

This guy didn't clarify when will this "one day" come. The day won't come soon for sure. It might come after 10 years(assuming that Bitcoin still exists in 2035). Making crazy predictions about the long-term future of Bitcoin isn't something new. We all remember people like John McAfee predicting a 1 million USD Bitcoin price. A three million US dollar Bitcoin price is completely possible, if the US dollar becomes worthless. The process of dedollarization continues, while the USA can't handle it's budget deficit and growing national debt. But I'm sure about one thing.
I don't expect such crazy Bitcoin price levels throughout the next 5 years.

[peter0425]

I think people should first predict $1 million price first before making the next prediction. Bitcoin will be moving towards $60 trillion marketcap before getting to $3 trillion in price.

People get too excited, it happens. There is almost no stopping people from being too optimistic until they get their hopes crushed. Not that what they are saying is impossible. It is just quite unrealistic in the short term. Near future, you will not see bitcoin hitting $3 million but I guess they gotta lock in their predictions quick.

[Lucius]

That man would not hit the target from one meter away if someone put a rocket launcher in his hands - to put it figuratively how reliable he is in his speculations. I don't think I've ever seen a more confused person when it comes to cryptocurrencies, and it's not like there aren't any out there.

The OP really should work on the logic and meaning of the question he's asking - unless he prefers to live in a fairy tale world his whole life.

By the way, for those wondering who Tom Lee is -> Speculating with Tom Lee - @bbc.reporter could say a few words about him