Tom Lee: Bitcoin Price Could Reach $1.4 Million to $2.2 Million

BlockBeats News, October 1st, at the Token 2049 summit in Singapore, BitMine Chairman Tom Lee stated: "Washington is pursuing two additional pieces of legislation. One is the Genius Act, and the other is the Bitcoin Strategic Reserve Act. This means we have a new moment in 2025, where Bitcoin is still early stage in our view because now it has a digital store of value."

He pointed out: "Wall Street will play a very important role in advancing the digital asset market. If today the price of gold is $4,000 per ounce, it could reach $5,000 per ounce. If you compare Bitcoin to gold, assuming only 10%, then you would get a Bitcoin price of $140,000. But this number is too low; I believe Bitcoin will basically match and even surpass the value of gold. This means each Bitcoin will reach a value of $1.4 million to $2.2 million, so I am still very bullish on Bitcoin."