Bitcoin Outperforms Magnificent Seven Stocks Over 5 Years, Analyst Sees Potential for 635% More Gains

The "Magnificent Seven" stocks have greatly outperformed the S&P 500 over the past 5 years, but Bitcoin has outpaced them all with a 1,520% return.

Tom Lee, a reputable Wall Street analyst, believes Bitcoin could reach $500,000 within 5 years, representing 635% upside.

Lee cites improving demand from spot Bitcoin ETFs and reduced selling pressure from the upcoming Bitcoin halving event as catalysts.

Bitcoin is very volatile, having lost 76% of its value in 2021-2022, so investments should be small portions of diversified portfolios.

Other analysts also see potential for Bitcoin to rise dramatically in value if it achieves gold-level market capitalization.