Bitcoin Price Could Surge to $500K in 5 Years If Spot ETFs Approved, Predicts Fundstrat's Lee
• Bitcoin could surge to $500,000 in the next 5 years due to potential demand boom from ETF approvals, says Fundstrat's Tom Lee
• Lee predicts bitcoin could hit $100,000-$150,000 in next 12 months
• New price targets would shatter previous record high of $69,000 reached in November 2021
• Spot bitcoin ETF approval could significantly increase investor demand and accessibility
• Other analysts also predict major bitcoin price surge if SEC approves spot bitcoin ETFs, like Standard Chartered's $200,000 target for end of 2025