"Fundstrat's Tom Lee has pretty high hopes for the asset, with the belief that the leading cryptocurrency can top $200,000 before the end of the year. Indeed, such a move would imply north of 70% gains in three and a half months. Though there are several factors that could power such a sudden leg higher, I certainly wouldn't punch my ticket to Bitcoin with such high expectations."
"Ultimately, Bitcoin remains a speculative asset and should not be regarded as a safe haven, particularly since its correlation with stocks may intensify on the way down. And, of course, another "crypto winter" will likely arrive at some point, with a painful downside for those who aren't yet aware of how low Bitcoin can go when the bear market regains control."
Tom Lee projects Bitcoin could top $200,000 by year-end, implying over 70% gains in a short period. Bitcoin remains a speculative, volatile asset that should not be treated as a safe haven because correlations with stocks can intensify during declines and future crypto winters could produce severe drawdowns. Small portfolio allocations, such as 1%–2%, can offer risk-on exposure for younger or risk-tolerant investors while preserving capital stability. Bitcoin underperformed gold year-to-date, and gold offered safer, risk-off characteristics. Emerging crypto-related IPOs, equity tokenization, blockchain projects, and potential hybrid ETFs expand avenues for crypto exposure.
Read at 24/7 Wall St.
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