Influential market strategist Tom Lee weighed in on Bitcoin’s (CRYPTO: BTC) outlook, acknowledging its growing trust and value but expressing uncertainty about its short-term performance.
What happened: During a RiskReversal Podcast that aired Friday, Lee expected the trust around the apex cryptocurrency to grow over the next five years.
“Is it going to be increasingly viewed as a store of value like gold? Yes, I think increasingly. Is there room for a lot more people to own it? Yes,” the Head of Research at Fundstrat Global Advisors opined.
That said, Lee cautioned that Bitcoin is not immune to market turbulence, such as the impact of tariffs.
“I’m not really bearish on it, but I think …
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