Bitcoin price continues to demonstrate remarkable resilience, which has earned it recognition from prominent analyst Tom Lee, who labelled it the ‘Digital Gold’ while forecasting a potential $1 million valuation in the coming years.
In a recent CNBC Squawk Box appearance, Lee, serving as Chief Investment Officer at Fundstrat Capital and Chairman of Bitmine, emphasized Bitcoin’s evolving role as a fundamental asset class capable of rivaling gold as a premier store of value.
Bitcoin Price Prediction: Tom Lee Predicts $200,000 BTC as Next Realistic Target
Lee expressed optimism about current regulatory developments within the cryptocurrency sector, particularly highlighting the recent approval of the GENIUS Act as a catalyst that could benefit the entire digital asset ecosystem throughout this year.
“I believe the $200,000 to $250,000 range for Bitcoin remains realistic, as this would only represent approximately 25% of gold’s current market size,” Lee stated during the interview.
Beyond Lee’s endorsement, the Bitcoin “digital gold” narrative has gained traction among other influential figures and institutions.
Early in 2025, the US Treasury Department published a comprehensive report officially recognizing Bitcoin as digital gold.
Additionally, in March, President Donald Trump publicly referred to Bitcoin as “digital gold,” a sentiment echoed by Crypto Czar David Sacks, who declared that “the US strategic reserve functions as a digital Fort Knox for the asset commonly known as digital gold.“
During a Bloomberg interview in June, MicroStrategy Chairman Michael Saylor, a longtime advocate for Bitcoin, boldly predicted that bear market cycles are behind us and that Bitcoin is destined to reach $1 million.
Crypto analyst “Crypto Busy” confirmed that BTC maintains strength above its bullish flag breakout pattern.
According to his analysis, maintaining support above $112,000 could propel Bitcoin toward the $140,000 level as the subsequent major target.
Bitcoin Price Analysis: RSI at 48.88 Is a Perfect Setup for Next Rally
Bitcoin currently trades at $118,160, representing a modest 0.20% decline from its recent all-time high of $123,000.
Technical analysis reveals several resistance zones ahead, including an immediate target of around $120,094, followed by a primary objective of $122,013, and an extended target of approximately $128,387.
Source: TradingViewThe current RSI reading of 48.88 occupies neutral territory, having moderated from previously overbought conditions at the all-time high.
This RSI positioning indicates Bitcoin retains capacity for additional gains without immediately entering overbought conditions.
Bitcoin Hyper Raises $4.3M With 221% APY Staking
While Bitcoin prepares for its next significant price surge, a new project called Bitcoin Hyper is gaining attention and has already raised over $4.3 million from early investors.
Bitcoin Hyper is developing technology to accelerate and reduce the cost of Bitcoin transactions.
Source: Bitcoin HyperThe project also lets people earn money by holding their tokens through staking.
Over 237 million HYPER tokens have already been sold, demonstrating strong demand before the token is listed on major exchanges, where anyone can purchase it.
Currently, early investors can purchase $HYPER tokens for just $0.012375 each.
Plus, they can earn ~221% yearly rewards by staking their tokens, meaning if you hold $1,000 worth of tokens, you could earn $2,210 per year just for keeping them.
The post Bitcoin Price Prediction: $1 Million BTC Incoming? ‘Digital Gold’ Thesis Backed by Millionaire Analyst Tom Lee appeared first on Cryptonews.
