Bitcoin Supply Shortage Could Trigger Big BTC Chase, Says Fundstrat’s Tom Lee

The chief investment officer of a financial research boutique believes that Bitcoin (BTC) could face a supply shock once it clears the $100,000 price level.

In a new CNBC interview, Fundstrat’s Tom Lee says Bitcoin’s scarcity is starting to be a problem for crypto exchanges.

Lee says the dwindling supply of available BTC for sale will likely be felt once Bitcoin shatters the psychological price point of $100,000.

“I think some of this could be – there’s a lot of folks who don’t want Bitcoin over $100,000 and some of it may be the exchanges themselves [that] are concerned, because there is a pretty low supply of Bitcoin available over the counter.

So you have a supply shortage, and if Bitcoin makes a move above $100,000, I think there would be a big chase. 

So I’m still confident Bitcoin’s going to close much higher before year-end… Well above $100,000 before year-end. It’s just a matter of time.” 

Recently, Lee hopped on an interview with SkyBridge Capital founder Anthony Scaramucci to give his 12-month outlook for BTC. According to the Fundstrat executive, Bitcoin could witness up to 150% gains from current levels in just one year.

“Over the next twelve months, I think something over $250,000 is possible, but maybe highly probable based on just following this price cycle.”

At time of writing, Bitcoin is trading for $95,844.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

Generated Image: Midjourney