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

[STT]

The upper prices have no real limit because its a description of the decline to dollar more then BTC itself.  So Dollar being weaker right now and looking to decline further is perfect for a higher price like this.
   It is about publicity and talk show gabble back and forth, is it going to happen in this Bitcoin cycle would have been a serious question to ask and more important then a random big number.  

Trump could have banned it, China did and it still doesnt matter either way.  As it is government have far more to gain from the appreciation of business and supporting its growth in their nation rather opposing it and allow that business to go elsewhere, it would be pointless to ban but maybe 2019 it made some sense as a possible move.

[Sanitough]

There is no limit when it comes to our predictions, however the closest the prediction is, the more practical and realistic it is. That is lacking with Tom Lee’s prediction, but it’s never a wrong prediction once and for all.

Bitcoin is currently $108k, and it would take probably a decade or more than that before it reaches $3m. But for me, $3m would be clearer for me if bitcoin will achieve first $500k or $1m, and I’m confident that’s gonna happen in the future.

[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.

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.

You remind me of the time when Bitcoin price was still under $10,000 and some people said Bitcoin would touch above $100,000 and many said it was a difficult thing hehehe

But nevermind, we are free to tell our prediction so do with your prediction

We admitted that is not too late to invest in Bitcoin and we can start anytime. But make sure you prepare your money and use Bitcoin as a long term Investment.

We already saw in just 16 years, the price has increased more than $100,000. So you can think how high Bitcoin price will be in the next 16 years

[bbc.reporter]

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

Hehehehe cousin Tom and uncle Jim are my favorite counter news indicators in the cryptospace. Uncle Jim has a very high chance of getting it very wrong when he shares his predictions and his opinions on social media.

On cousin Tom, he is very much overbullish much of the time, the listeners will notice the predictions are clearly wrong hehehe.

[Swordsoffreedom]

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.

Certainly, as more and more institutions continue to invest, governments start adding bitcoin to their national reserves, those things will help the price continue to rise strongly. That shows bitcoin's potential is still huge, but that's not enough for bitcoin to reach a value of $3 million.
Because even if institutions and governments start accumulating bitcoin, they will never invest all their finances in it. They will only allocate 5-10% of the budget, and this number is not large enough to help bitcoin grow to 20 trillion or 60 trillion.

Even gold, the demand for it is even much greater than bitcoin. Not only does gold account for a large part of the national reserves of most countries, it is also used for practical applications and in all areas of life such as jewelry, high technology, cuisine, medicine...But with huge demand from governments to the entire world population, gold will only reach a capitalization of 22 trillion. How can an asset that is only used for investment, with no other practical application, outperform gold and reach a market capitalization of $60 trillion?

[lizarder]

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.

Adoption is happening so fast and now almost most countries are starting to consider bitcoin as a strategic reserve so that the journey of bitcoin itself is getting better. I am also optimistic about the journey of bitcoin for the future because now we can see that there are many people, communities and countries that are starting to see opportunities in utilizing bitcoin. If today we do not start taking part, it may be increasingly difficult for people to start and at least take a responsible approach based on the financial capabilities that we have.

The price could reach most people's predictions, especially for those who have a basis in references regarding price movements, but it will take time because every trip Bitcoin may need to reach a cycle towards the ATH process, so seeing Bitcoin at $3 million will take time not in a short time.

[Shishir99]

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.”

I would say the same thing here again. It's just that they are showing how confident they are with Bitcoin and its future. I don't want to say Bitcoin will hit three million dollars one day. The best I can think of is a million dollars. If the world becomes that rich one day and can afford to invest that much money, probably Bitcoin may hit three million dollars, but the odds are too high.

It may take several decades before Bitcoin hits three million dollars because I do not expect Bitcoin to hit a million dollars before 2040.

[Alpha Marine]

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.”

Emphasis on "one day".
I believe Bitcoin has the potential to go over $3 million one day, but that day is not now, nor is it in the next 4 years. At least another cycle will come and go before we can even hope of Bitcoin getting to a million, before we can even talk of 3. Let's not get ahead of ourselves. Yeah, I know Bitcoin is the best performing asset, but it doesn't perform like magic. There are factors that make it go up and down. It going to take a lot of time before bitcoin hits 3 million, might be more than 20 years, but I believe it will happen one day.

BTC is moving slow after the halving, ETH is stagnating, and overall sentiment feels cautious.

ETH has been stagnant for a while. Even when bitcoin was pumping, ETH was stagnant. It's been moving up slowly recently, but my point I, it has nothing to do with bitcoin. Bitcoin doesn't revolve around it; in fact, it's the other way around.

[Macro Exchange]

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?

He is known to be super bullish on Bitcoin as far as I can remember so I'm not surprised with this kind of prediction of him. I'm not sure though what you mean by Bitcoin moving slowly, as we have reach new all time high already even before the halving itself.

But I do agree that at some point there will be a cool down and I will say that it's just about normal though.

So let this cool down or sideway patterns another opportunity for us to grow, buy and continue to do DCA. As far as prediction goes, we have seen in the past that the price is going to increased every 4 years so I do believed that somewhere in the future, we might see this price.

Exactly. The cool-down phase isn’t a flaw — it’s part of the cycle. We’ve seen this pattern repeat every four years. Staying consistent with DCA during sideways markets is usually what sets up the real gains later. 

[stadus]

$3m when? By tomorrow? Next year? Next decade? Next century? Next decade or next century doesn’t seem impossible to me but I don’t see it reaching $3m in the next 5 years at least.

People should learn it by now, there is no impossible for bitcoin. It only, takes time.

Why?

Constant demand and little total supply. It will keep going up forever. The moment you understand it, you’ll also realize the price isn’t important, how much you got isn’t that important. What really matters is if you got any and how long you held it.

The rest is noise.

You nailed it. Everything can be possible with bitcoin, but the problem is, we can’t pinpoint exactly the time when it will be going to happen as bitcoin is so much volatile that anyone cannot afford to make precise and accurate predictions.

However, the most important thing is, you owned bitcoin. Numbers aren’t a big deal, the thing is if you can hold them in as much as you want it to be.

[Marvell1]

You remind me of the time when Bitcoin price was still under $10,000 and some people said Bitcoin would touch above $100,000 and many said it was a difficult thing hehehe

But nevermind, we are free to tell our prediction so do with your prediction

We admitted that is not too late to invest in Bitcoin and we can start anytime. But make sure you prepare your money and use Bitcoin as a long term Investment.

We already saw in just 16 years, the price has increased more than $100,000. So you can think how high Bitcoin price will be in the next 16 years

As Synchronice said, many people don't understand what market cap is, don't understand what the numbers are. When bitcoin price is $10k and $100k, what is its market cap and if bitcoin hits $3 million, what is its market cap? Or have you ever wondered why bitcoin can't increase by thousands of percent and help many people earn hundreds of thousands or millions of dollars with just a small capital like before?

We are talking about 60 trillion dollars, not 60 billion or 600 billion and when you look at the big picture of the world economy, you will know whether bitcoin reaching 3 million dollars is realistic or not.


Yes, everyone is entitled to make their own predictions, but we should be realistic and grounded instead of making blind predictions  .

[cryptomaniac_xxx]

There is no limit when it comes to our predictions, however the closest the prediction is, the more practical and realistic it is. That is lacking with Tom Lee’s prediction, but it’s never a wrong prediction once and for all.

Bitcoin is currently $108k, and it would take probably a decade or more than that before it reaches $3m. But for me, $3m would be clearer for me if bitcoin will achieve first $500k or $1m, and I’m confident that’s gonna happen in the future.

Maybe it's wrong in this cycle, just like before when we thought that $100k is not possible. But look at where we are right now, down just 2-3 cycles and we've seen $100k already. I still reading some here way back in 2017, I was not that active but going thru pages of arguments and discussions and then at the end of the peak of that bull run, we hit almost $20k.

Now, we have 5x than or maybe at the end of this bull run, who knows, maybe 6x or higher. So everything is possible, it's just a matter of time, and how the market will react to every news that will push the price to $500k or even $3 million in the next couple of halvings.

And if you have to think of it, better to aim high right?

[Lucius]

~snip~
We are talking about 60 trillion dollars, not 60 billion or 600 billion and when you look at the big picture of the world economy, you will know whether bitcoin reaching 3 million dollars is realistic or not.

How many people can even imagine what a trillion is in numbers? I think many people have basic problems understanding how much money that actually is, and $3 million probably seems like a small number that BTC will one day reach. People should be realistic, but how will they be if they don't think for themselves and let some confused clowns do their thinking for them?

Hehehehe cousin Tom and uncle Jim are my favorite counter news indicators in the cryptospace. Uncle Jim has a very high chance of getting it very wrong when he shares his predictions and his opinions on social media.
On cousin Tom, he is very much overbullish much of the time, the listeners will notice the predictions are clearly wrong hehehe.

Luckily for such people, there are always new people coming along who don't know them, so they have their own audience. Although I find it hard to understand the media that constantly brings such people into focus, considering that they are almost always wrong.

[Synchronice]

You remind me of the time when Bitcoin price was still under $10,000 and some people said Bitcoin would touch above $100,000 and many said it was a difficult thing hehehe

But nevermind, we are free to tell our prediction so do with your prediction

We admitted that is not too late to invest in Bitcoin and we can start anytime. But make sure you prepare your money and use Bitcoin as a long term Investment.

We already saw in just 16 years, the price has increased more than $100,000. So you can think how high Bitcoin price will be in the next 16 years

That's not the correct way to think. Bitcoin rose from nothing to $100,000 in 16 years because it's a revolution in financial system and this coin started from 0 market cap. Now this coin's market cup is 2 trillion. That's a lot of money. So, when something goes from 0 to 2 trillion, the price of the coin is going to bring a huge ROI but now you talk about going from 2 trillion to where? Do you think that it's easy to go from 2 trillion to somewhere higher? It is already on maximum. You have to look at other companies and gold's market cap to understand what Bitcoin's 2 trillion means. Bitcoin can't go from 100K to 100 million. From this point, Bitcoin can slowly increase but dramatic price increases aren't going to happen, that's simply impossible unless the USD totally crashes.

[SATWAT]

You remind me of the time when Bitcoin price was still under $10,000 and some people said Bitcoin would touch above $100,000 and many said it was a difficult thing hehehe

But nevermind, we are free to tell our prediction so do with your prediction

We admitted that is not too late to invest in Bitcoin and we can start anytime. But make sure you prepare your money and use Bitcoin as a long term Investment.

We already saw in just 16 years, the price has increased more than $100,000. So you can think how high Bitcoin price will be in the next 16 years

That's not the correct way to think. Bitcoin rose from nothing to $100,000 in 16 years because it's a revolution in financial system and this coin started from 0 market cap. Now this coin's market cup is 2 trillion. That's a lot of money. So, when something goes from 0 to 2 trillion, the price of the coin is going to bring a huge ROI but now you talk about going from 2 trillion to where? Do you think that it's easy to go from 2 trillion to somewhere higher? It is already on maximum. You have to look at other companies and gold's market cap to understand what Bitcoin's 2 trillion means. Bitcoin can't go from 100K to 100 million. From this point, Bitcoin can slowly increase but dramatic price increases aren't going to happen, that's simply impossible unless the USD totally crashes.

Biggest achievement is many times died while many predicted its Ponzi or bubble but this ship still on track and never have anything negative which give any regret to those took early advantage and still have big success.
Even now many feeling why they were not in early stages to have advantage and took this but still it's going and not late because many predictions are on way for this to be one of the best financial revolution happen back in and now things are going beyond limits as predictions are coming confidence increasing and peoples trying to take advantage because still its good time to invest and hold.
From 0 to $110K in 15 years surely big success with now turning into $3 Million is all possible when it's not important but looking possible and this is surely going to be happened.

[dezoel]

I would say the same thing here again. It's just that they are showing how confident they are with Bitcoin and its future. I don't want to say Bitcoin will hit three million dollars one day. The best I can think of is a million dollars. If the world becomes that rich one day and can afford to invest that much money, probably Bitcoin may hit three million dollars, but the odds are too high.

It may take several decades before Bitcoin hits three million dollars because I do not expect Bitcoin to hit a million dollars before 2040.

Peoples those enter in this and always keep faith was always had confidence about things like these because this was surely revolution which change millions lives and now peoples feeling comfortable because they have faith and confidence.

Without any back and huge support it survives and now living without any support because many big names were always criticizing and give warnings about this, but now their views are changing, and they are having positive mindset which is big change with the limited supply for me this figure of $3m is also not perfect because this can go above this as well. Timing is not important but still it's always on cards things are taking changes and peoples are having change of mindset which is big success when this will turn into 7 figures now it's matter of time because all set for rule of Bitcoin in finances world.

[Mahanton]

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.

You remind me of the time when Bitcoin price was still under $10,000 and some people said Bitcoin would touch above $100,000 and many said it was a difficult thing hehehe

But nevermind, we are free to tell our prediction so do with your prediction

We admitted that is not too late to invest in Bitcoin and we can start anytime. But make sure you prepare your money and use Bitcoin as a long term Investment.

We already saw in just 16 years, the price has increased more than $100,000. So you can think how high Bitcoin price will be in the next 16 years

For sure to those people who do have said about $100k at the time that Bitcoin was still on 10k then it will be just that the same on where we are now on which the price is that 10x less on what we are trying out to project with that $1M per coin. There's always the possibility and we cant remove it out specially that adoption and recognition is on the move as years passing by on which there's no way that we can be able to ignore and come to think that Bitcoin didnt failed to impress us on which it can shoot up its price into those levels that we didnt even expect that it could happen. There are just that those times that predictions turned out to be that unrealistic on which actually it does but when it comes to possibilities then we can say that achievable but it wont be that a very short time or lets say for a couple of decades maybe. We are all having the freedom into price prediction on which we know that price isnt something that can be concluded or something that could be predicted by someone because there are tons of factors on which it will be affecting the movement in overall. We can say that its hopium or even saying that they are just trying to hype things up because they have already bought at the bottom on which this will be the usual thinking for those people who had been aware about these billionaires been that trying out to do whenever they have those intents on trying out to hype things up just because they have already accumulated enough at the bottom. We do know these billionaires or institutions will definitely be trying out to make the price do pump out via trying to make out some positive sentiments on which it will be dragging in into those people who do just recently know about Bitcoin or crypto and being that hyped up because of those positive words. Lets just focus first on breaking up that $200k then with having that +100k incremental until we do be able to hit up millions and let alone that 3M on which had been predicted. We cant say that its hopium or real talk but everything could be that remain speculation as long we havent been able to reach out these numbers.

[Lucius]

That's not the correct way to think. Bitcoin rose from nothing to $100,000 in 16 years because it's a revolution in financial system and this coin started from 0 market cap. Now this coin's market cup is 2 trillion. That's a lot of money. So, when something goes from 0 to 2 trillion, the price of the coin is going to bring a huge ROI but now you talk about going from 2 trillion to where? Do you think that it's easy to go from 2 trillion to somewhere higher? It is already on maximum. You have to look at other companies and gold's market cap to understand what Bitcoin's 2 trillion means. Bitcoin can't go from 100K to 100 million. From this point, Bitcoin can slowly increase but dramatic price increases aren't going to happen, that's simply impossible unless the USD totally crashes.

I agree with you because I also tried to point out some illogicalities in speculations like the one we are discussing in this thread. I think there is still a lot of potential for the price of BTC to rise, but definitely not in the percentages that have been the case in the past. Everything will of course depend on the demand in the years to come and how much BTC will be available on the market at a given moment.

The fact is that in the next 5-6 years, about 1 million more BTC will be mined (which is a large amount), but after that, only 1% (210 000) will remain for the next 100+ years. Accordingly, if demand is even greater than today, it is logical that the price will go up, especially if we know that fiat currencies (especially the USD) do not have a bright future.

What would be a game changer is if central banks started buying BTC, and the world's largest companies followed suit - this means that in a few years millions of BTC would be removed from the market, and if we add to that that ETFs and Saylor have already removed around 2 million BTC - it is not unrealistic to speculate that the price of 1 BTC could be at least three to four times higher than it is today.

[fuguebtc]

You nailed it. Everything can be possible with bitcoin, but the problem is, we can’t pinpoint exactly the time when it will be going to happen as bitcoin is so much volatile that anyone cannot afford to make precise and accurate predictions.

However, the most important thing is, you owned bitcoin. Numbers aren’t a big deal, the thing is if you can hold them in as much as you want it to be.

Everything is possible but everything has limits. Bitcoin like any other asset or investment like gold or stocks, will at some point reach a limit and the growth rate will slow down.


Gold has been around for thousands of years and is still considered the best, safest and most in demand asset in the world but it only has a market cap of 20 trillion. Similarly, stocks of companies providing solutions, products, practical applications...have also increased from 0 to 3.5 trillion like Apple or Nidvia and are showing signs of slowing down. Why is Bitcoin an exception? Just because it is a decentralized asset? If that's just the reason, I don't think it's big enough to make a breakthrough.

Those who believe bitcoin can reach $3 million can tell me what reasons, what factors will help us get there instead of just delusional predictions.

But I agree with you, the important thing we should focus on is owning bitcoin. What does Bitcoin reaching 3 million mean if we don't have too many Bitcoins?

[Shishir99]

Without any back and huge support it survives and now living without any support because many big names were always criticizing and give warnings about this, but now their views are changing, and they are having positive mindset which is big change with the limited supply for me this figure of $3m is also not perfect because this can go above this as well. Timing is not important but still it's always on cards things are taking changes and peoples are having change of mindset which is big success when this will turn into 7 figures now it's matter of time because all set for rule of Bitcoin in finances world.

If time does not really matter, and the world exists for a couple of centuries, Bitcoin might hit 10 million dollars one day or even more. Probably you and I won't be there to see something like this. But nothing is impossible. The upcoming world war may affect the market, and Bitcoin may reach its lowest price during the war. There are numerous possibilities.

Let's discuss what is truly possible within the next decade or shortly. I think it is very much possible that Bitcoin would reach 0.5 million dollars within the next few years, or at least in a decade. But everything should stay same as it is now.