Bitcoin Could Hit $500,000 in 5 Years, Says Wall Street Analyst, Citing Growing Demand and Shrinking Supply

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

Lee cites improving demand from new spot Bitcoin ETFs and shrinking supply from the upcoming Bitcoin halving event as potential catalysts.

Bitcoin has significantly outperformed stocks and gold over the past 5 years, although it is much more volatile.

Monthly active addresses, new addresses, and transaction counts indicate growing investor interest and engagement with Bitcoin.

Investors should consider a small Bitcoin position to diversify, but be aware it can experience massive price swings.