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

[Lucius]

~snip~
It’s normal to become optimistic when the price is currently on the safe zone which is near the ATH.

Being optimistic and being realistic are two different things - and if someone today is talking about the price of 1 BTC = $3 million, then they are neither of the above, but a simple fool who just wants some attention. I'm not pessimistic, but I think we'll be waiting quite a while for the price to reach $200k, let alone anything above that - and does this genius even know how much money needs to be pumped into BTC to reach the value he's talking about?

[lizarder]

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?

Optimism is important, but it must be based on the accuracy of the desired investment pattern. When someone makes a long-term investment, then whatever happens to bitcoin is not a big deal. This is why long-term investment is much better because people don’t need to analyze too far or just be afraid of seeing the state of bitcoin’s journey in the market.

It could be that this is a process that occurs because talking about bitcoin there will always be a decline or an increase at any time. But if you look at the previous ATH conditions, people might think that this is over and I think we will see a price movement much higher than the previous ATH and we remain optimistic about that.

[YOSHIE]

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.”

Forget, Tom Lee's speculation is too excessive, it's a prediction that requires a long time, indeed Bitcoin always makes a surprise from the past until now.
It took 16 years to reach $ 100K for the current Bitcoin price, joke.

I wonder what we think as if the actor's words, today can be reality, even though they are just joking while saying something, I think Tom Lee himself is not sure the price of Bitcoin can reach $3,000,000 in the near future even though he is an analyst, I am sure after he said that he might laugh at himself while in the room.

[_BlackStar]

-snip-

Forget, Tom Lee's speculation is too excessive, it's a prediction that requires a long time, indeed Bitcoin always makes a surprise from the past until now.
It took 16 years to reach $ 100K for the current Bitcoin price, joke.

I wonder what we think as if the actor's words, today can be reality, even though they are just joking while saying something, I think Tom Lee himself is not sure the price of Bitcoin can reach $3,000,000 in the near future even though he is an analyst, I am sure after he said that he might laugh at himself while in the room.

There is a specific line in his statement - it is someday. It could be in a year or it could be decades - but you are right, $3M seems unreasonable in the short term. Instead of $3M - I would like to see bitcoin hit $150K, $200K and $250K first and that alone takes time and patience. If every bitcoin bull cycle is able to print a new ATH - then Tom Lee's prediction could come true in the next few cycles. He seems like someone who is optimistic about the future of bitcoin - but that's understandable if he is already involved.

Today bitcoin showed a nice recovery where the price has touched $108,500. I would like to see it test the $110K resistance and then hit a new ATH - but this seems possible if this recovery continues into tomorrow.

[Botnake]

I wouldn’t say this isn’t a good prediction, but more likely for now this is still too far to happen since we need to see bitcoin first reaching $1m prior to hitting $2m or $3m in the process. Eventually, when everything set for bitcoin has achieved, particularly the global adoption, then it’s easy for us to witness bitcoin finally hitting $3m.

Every prediction for bitcoin price is always right, as no one could predict accurately seeing how volatile and unpredictable the market is and its price movement. The only key here is patience. Without patience, one can never see bitcoin price finally reaching its highest peak price all throughout its whole existence.

[skarais]

~~~

Optimism is important, but it must be based on the accuracy of the desired investment pattern. When someone makes a long-term investment, then whatever happens to bitcoin is not a big deal. This is why long-term investment is much better because people don’t need to analyze too far or just be afraid of seeing the state of bitcoin’s journey in the market.

It could be that this is a process that occurs because talking about bitcoin there will always be a decline or an increase at any time. But if you look at the previous ATH conditions, people might think that this is over and I think we will see a price movement much higher than the previous ATH and we remain optimistic about that.

Bitcoin price will always fluctuate, that is its nature and that is why some people gain and others lose. Optimism in the long term should be commensurate with the potential, that is the main factor why you are optimistic about the future. If bitcoin was stuck in the same place without increasing use cases and growing interest from various groups, then I would not be as optimistic today about its future.

Nowadays we have heard very often that the government of several countries has started planning to make bitcoin as its strategic reserve, that is one of the fundamentals that will make me more optimistic about the future of bitcoin. If more and more countries do it, then I am very sure that bitcoin will be very expensive in the future. If today 1 bitcoin can be bought for $ 109k, then in the future we may only be able to buy 0.25 btc with the same amount of money. It is possible and not impossible.

[OgNasty]

Given a long enough time frame it is certainly possible that Bitcoin hits a level in the multiple millions.  That is the benefit of not making any more BTC while the dollar will be printed endlessly.  This cycle though...  Not going to happen.  My best case scenario is $700K by the end of the year.  My bear case is around $130K before we head back into a bear market.  If I were a gambling man I could narrow that down to between $170K-$220K between September 10th & Halloween, but we'll see how things progress.

[bbc.reporter]

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. Bitcoin as of today as not achieve anything near such marketcap. The last time I check the marketcap of bitcoin, it is just a little above $2 trillion.

Also, Tom Lee is very much known for being very bullish. Does everyone remember his bullishness on 2022 or was this on 2018 hehehehe.

If Tom Lee is beginning to share much higher price predictions, this might be a warning sign that the bubble pop might begin to be created and popped. We might only have 6 months more for the bull market before the bubble pop.

[Minor Miner]

~snip~
It’s normal to become optimistic when the price is currently on the safe zone which is near the ATH.

Being optimistic and being realistic are two different things - and if someone today is talking about the price of 1 BTC = $3 million, then they are neither of the above, but a simple fool who just wants some attention. I'm not pessimistic, but I think we'll be waiting quite a while for the price to reach $200k, let alone anything above that - and does this genius even know how much money needs to be pumped into BTC to reach the value he's talking about?

He was not a fool to make that prediction because he succeeded in attracting people's attention. The fools are the ones who believe his prediction and believe bitcoin will hit $3 million in the next few decades.

One mistake many people make is that they only look at the price without paying attention to the market capitalization of bitcoin, and think that bitcoin will always increase exponentially. They forget that like any other asset, the higher the capitalization of bitcoin, the slower its growth rate.

Yes, it will take a long time for bitcoin to reach $200k, let alone any higher targets.
I have a hard time even believing that bitcoin can reach $1 million, let alone $3 million.

[Lucius]

~snip~
Yes, it will take a long time for bitcoin to reach $200k, let alone any higher targets.
I have a hard time even believing that bitcoin can reach $1 million, let alone $3 million.

It's not a problem for me to accept that a lot of people see their chance to profit by investing in BTC, but people like the clown who makes this kind of statement only give them false hope that something so spectacular will happen in their lifetime. One can hope, but the numbers are relentless and such a scenario is quite unrealistic in the near future.

Let's look at a situation where 1 BTC = $1 million.

If Bitcoin were to reach a valuation of $1 million per unit, its market capitalization would soar to approximately $21 trillion, given the maximum supply of 21 million coins.

This would position Bitcoin’s market cap:

Greater than the GDP of most countries: A market cap of $21 trillion would surpass the Gross Domestic Product (GDP) of most countries in the world, including major economies like Germany ($4.2 trillion), the United Kingdom ($3.1 trillion), and Japan ($5.1 trillion). It would position Bitcoin’s market cap just behind the GDP of the United States, which is around $23 trillion.

Higher than the total market cap of FAANG companies: The combined market capitalization of the major tech giants — Meta, Amazon, Apple, Netflix, and Alphabet — is approximately $7 trillion. Bitcoin’s market cap would be three times larger than the combined value of these tech giants.

As large as the global real estate market: The estimated value of the entire global real estate market is around $280 trillion. Bitcoin’s $21 trillion market cap would represent about 7.5% of the total value of all real estate worldwide.

Needless to say, for Bitcoin to move to $1,000,000 it would result in real world valuation comparisons that are completely out of synch....

Now imagine all of the above x3, and that's what this clown predicts - unfortunately no one with a bit of brain in their head will tell him he's talking nonsense.

[tygeade]

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. Bitcoin as of today as not achieve anything near such marketcap. The last time I check the marketcap of bitcoin, it is just a little above $2 trillion.

Hey, I have seen some celebrities were speculating about 10M dollar level for one bitcoin hence I guess we do not need to go step by step.  For speculating the final price level of bitcoin (I call this final because no time frame is considered for such time extended speculation), we do not need to consider the supply-demand factors but we need to approach this in investors and traders psychology. It means FOMO and FUD will be playing more crucial roles on final ATH things rather than those technical or fundamental things.

For having 60 trillion market cap, we just do not need price to be trading around $3 million price level but supply of bitcoin is also contributing; right now 95% of bitcoins has been mined out and by the time of next halving another 1% may get mined out hence for 60 trillion marketcap, we do not need price to be around 3 million level at that time.

[Swordsoffreedom]

Eventually, when everything set for bitcoin has achieved, particularly the global adoption, then it’s easy for us to witness bitcoin finally hitting $3m.

We keep talking about global adoption and thinking that will make bitcoin worth millions of dollars. But in my opinion, this is an extremely wrong way of thinking. We need to know that even if bitcoin becomes popular globally, it does not mean that all 8 billion people need to use bitcoin.
Bitcoin is like any other asset, there will be people who need it and there will be people who don't need it. Its appearance only enriches the choices for financial investors, not an essential thing that anyone must have.
How can an asset that is purely for speculation have a market capitalization of tens of trillions of dollars? So even if bitcoin is accepted globally, it will never reach 3 million dollar price. We should be realistic.

[skarais]

~~~

We keep talking about global adoption and thinking that will make bitcoin worth millions of dollars. But in my opinion, this is an extremely wrong way of thinking. We need to know that even if bitcoin becomes popular globally, it does not mean that all 8 billion people need to use bitcoin.

Not everyone likes bitcoin, even if global adoption is achieved. Anyone who doesn't like the high volatility of bitcoin is unlikely to choose bitcoin as an investment asset. Only people who understand bitcoin and believe in bitcoin will choose bitcoin, the rest will probably just see evidence that the average investor is getting a return.

Bitcoin is like any other asset, there will be people who need it and there will be people who don't need it. Its appearance only enriches the choices for financial investors, not an essential thing that anyone must have.
How can an asset that is purely for speculation have a market capitalization of tens of trillions of dollars? So even if bitcoin is accepted globally, it will never reach 3 million dollar price. We should be realistic.

Even though $3m seems unrealistic now, anything is possible. Nothing is impossible and it is just a matter of time and how bitcoin develops. There are several factors to consider, including the government’s plan to adopt bitcoin as a strategic reserve. I can imagine if governments start investing in bitcoin, the price will go very high. The involvement of institutional investors can also have a big impact on the price increase. It is true that $3m is unrealistic now, but it is still realistic to expect in the long term.

[2Pizza410000BTC]

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?

It is really nice when I hear that Bitcoin will be $1 million, $3 million, $5 million. But Bitcoin will definitely reach $5 million from $1 million one day or the other. Also, influential investors have always predicted that Bitcoin will be $500k to $1 million. But it is very nice when I hear their words and see their words come true, like many influential people said that Bitcoin will be $100,000 in 2024-25, which is exactly what happened. Moreover, the way Bitcoin has started gaining popularity, Bitcoin will definitely create a good position. Although Bitcoin has created a very good position, Ethereum has not been able to create a good position at all, rather Ethereum has been dumping more, but I do not know if it will be able to create a good position in the future.

[bbc.reporter]

~snip~
Yes, it will take a long time for bitcoin to reach $200k, let alone any higher targets.
I have a hard time even believing that bitcoin can reach $1 million, let alone $3 million.

It's not a problem for me to accept that a lot of people see their chance to profit by investing in BTC, but people like the clown who makes this kind of statement only give them false hope that something so spectacular will happen in their lifetime. One can hope, but the numbers are relentless and such a scenario is quite unrealistic in the near future.

Let's look at a situation where 1 BTC = $1 million.

If Bitcoin were to reach a valuation of $1 million per unit, its market capitalization would soar to approximately $21 trillion, given the maximum supply of 21 million coins.

This would position Bitcoin’s market cap:

Greater than the GDP of most countries: A market cap of $21 trillion would surpass the Gross Domestic Product (GDP) of most countries in the world, including major economies like Germany ($4.2 trillion), the United Kingdom ($3.1 trillion), and Japan ($5.1 trillion). It would position Bitcoin’s market cap just behind the GDP of the United States, which is around $23 trillion.

Higher than the total market cap of FAANG companies: The combined market capitalization of the major tech giants — Meta, Amazon, Apple, Netflix, and Alphabet — is approximately $7 trillion. Bitcoin’s market cap would be three times larger than the combined value of these tech giants.

As large as the global real estate market: The estimated value of the entire global real estate market is around $280 trillion. Bitcoin’s $21 trillion market cap would represent about 7.5% of the total value of all real estate worldwide.

Needless to say, for Bitcoin to move to $1,000,000 it would result in real world valuation comparisons that are completely out of synch....

Now imagine all of the above x3, and that's what this clown predicts - unfortunately no one with a bit of brain in their head will tell him he's talking nonsense.

We have disagreed on certain times in this forum, however, on your argument against these very foolish price predictions on bitcoin I very much agree! These people who are sharing these types of very impossible predictions are certainly acting similarly to these memecoins pumpers on social media. This is very headshaking and questionable behavior, I reckon.

[Dave1]

~snip~
Yes, it will take a long time for bitcoin to reach $200k, let alone any higher targets.
I have a hard time even believing that bitcoin can reach $1 million, let alone $3 million.

It's not a problem for me to accept that a lot of people see their chance to profit by investing in BTC, but people like the clown who makes this kind of statement only give them false hope that something so spectacular will happen in their lifetime. One can hope, but the numbers are relentless and such a scenario is quite unrealistic in the near future.

Let's look at a situation where 1 BTC = $1 million.

If Bitcoin were to reach a valuation of $1 million per unit, its market capitalization would soar to approximately $21 trillion, given the maximum supply of 21 million coins.

This would position Bitcoin’s market cap:

Greater than the GDP of most countries: A market cap of $21 trillion would surpass the Gross Domestic Product (GDP) of most countries in the world, including major economies like Germany ($4.2 trillion), the United Kingdom ($3.1 trillion), and Japan ($5.1 trillion). It would position Bitcoin’s market cap just behind the GDP of the United States, which is around $23 trillion.

Higher than the total market cap of FAANG companies: The combined market capitalization of the major tech giants — Meta, Amazon, Apple, Netflix, and Alphabet — is approximately $7 trillion. Bitcoin’s market cap would be three times larger than the combined value of these tech giants.

As large as the global real estate market: The estimated value of the entire global real estate market is around $280 trillion. Bitcoin’s $21 trillion market cap would represent about 7.5% of the total value of all real estate worldwide.

Needless to say, for Bitcoin to move to $1,000,000 it would result in real world valuation comparisons that are completely out of synch....

Now imagine all of the above x3, and that's what this clown predicts - unfortunately no one with a bit of brain in their head will tell him he's talking nonsense.

We have disagreed on certain times in this forum, however, on your argument against these very foolish price predictions on bitcoin I very much agree! These people who are sharing these types of very impossible predictions are certainly acting similarly to these memecoins pumpers on social media. This is very headshaking and questionable behavior, I reckon.

Or let's put it this way, they have their own narratives behind for saying this absurd price as obviously, Tom Lee could have a lot of clients under him and he wanted them to make a lot of money to boost his name as far as investing goes. And we all know that there are a lot of competitions for them to, to get the most rich clients under their umbrella.

Similar to what Jaime Dimon did way back in 2018, by attacking Bitcoin so that the price will go down and then let him and his bank and their clients to buy back at cheap price in short there are manipulations behind by this well known, influencers.

[maydna]

Bitcoin will be there at $3,000,000 someday and that is right. But we need to wait and accumulating more right now especially considering the price still low. We need to optimist that so we can hodl Bitcoin without hesitate. That is what new investors need to do so they can stay calm in any situation.

We should happy seeing the price now can back to $110k although the price now is down to $109k. That show to us that Bitcoin still strong and become stronger soon. It will increase more this month or next month so we just need to wait and have more patience while we need to accumulate more.

I guess the big bull run will coming soon so before that is happen, we must make sure that we are ready with the coming. Accumulating more be our way now so we can take profit if the price reach our target.

[Marvell1]

Bitcoin will be there at $3,000,000 someday and that is right. But we need to wait and accumulating more right now especially considering the price still low. We need to optimist that so we can hodl Bitcoin without hesitate. That is what new investors need to do so they can stay calm in any situation.

How true is that? When bitcoin wasn't even $500,000 or $1 million yet, but we were talking about crazier prices, and saying that was right.

While it's not too late to invest in bitcoin and investing now still has the potential to be profitable, the reality is that bitcoin prices are no longer low. In just 16 years, its price has increased more than 13 million times and its capitalization has reached 2 trillion, so it is not correct to say that its price is still low.


Yes, we need to be optimistic, but not overly optimistic that we become delusional.

[Danica22]

Nothing is impossible provided life is concerne, many people never even believe Bitcoin could reach the ballpark of $10k talk  more of $100k. No doubt that Bitcoin may some day hit $3m according to Tom lee's prediction, but that will not happen anytime soon. It will take decade to happen, probably when we may not even be alive. Since Bitcoin last halving will comens around 2140 no one knows how much Bitcoin price could be by then. So far as many people are losing access to their wallet and Bitcoin are Lost forever, that will creat scarcity in that process, and demand will be higher than supply it will eventually make Bitcoin more expensive.

Years ago, I believed Bitcoin would hit $100k one day and now I believe it will hit $200k or even higher in the future. But I don't believe bitcoin can reach $3 million in its lifetime even if demand continues to increase and supply becomes scarcer.

If we look at the price, if the price of bitcoin increases from now until it reaches $3 million, the increase will only be x30. At first glance, that task seems simple with bitcoin because it has been able to multiply x100, x1000 in the past. But if we look at market capitalization, it's a different matter and not so simple anymore.
We only need $2 trillion for bitcoin to grow million times, but it will take $60 trillion for bitcoin to reach 3 million. I wonder where we will get 60 trillion dollars to make BTC reach 3 million dollars? While our global GDP is only $120 trillion? And according to estimates, with the increase in population and the general development of the world. GDP only increases by an average of 2 to 3% per year.

[Lucius]

We have disagreed on certain times in this forum, however, on your argument against these very foolish price predictions on bitcoin I very much agree! These people who are sharing these types of very impossible predictions are certainly acting similarly to these memecoins pumpers on social media. This is very headshaking and questionable behavior, I reckon.

A person has to be really desperate to say something like that publicly, and TL seems to be really getting desperate and having to resort to crazy statement techniques to get anyone to notice him. Unfortunately for him, the internet remembers everything, so anyone who wants to know what he's been saying over the past few years has it all served up on a platter.

Let's see what ideas were going through his head in 2019