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Bitcoin

Buying Bitcoin Now Is Not Too Late: Tom Lee Says The Early Days Are Still Ongoing

Godspower Owie
by Godspower Owie
1 month ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin has experienced remarkable upside action since it was launched in 2009, with its price rising to an all-time high of $122,000. Despite this massive growth in price since its inception, prominent figures in the financial sector continue to advocate for an investment in Bitcoin, claiming it is still in its early stages.

New Buyers Of Bitcoin Are Still Early

As Bitcoin surges toward its all-time high, Thomas “Tom” Lee, the co-founder of Fundstrat Global Advisors, has made a shocking claim about fresh BTC buys. While emphasizing his bullish outlook for BTC, the founder insisted that purchasing Bitcoin now is still considered early in the long run of its growth cycle.

Related Reading: If Bitcoin Hits $1 Million, This Could Be America’s Biggest Public Firm

Tom Lee made the bold statement in a recent interview on the Global Money Talk shared by Coin Bureau on the social media platform X (formerly Twitter). His remarks suggest that the current market prices leave plenty of upside potential as BTC continues its march toward deeper institutional adoption, technology integration, and global recognition as a new asset class.

In the interview, Lee began by stating that even though an individual has zero exposure to BTC, it is not too late to buy the crypto king. According to the Fundstrat founder, 95% of investors still have zero exposure to BTC, which means new adopters are still way ahead of what he sees as the next major wave of exponential growth.

Furthermore, Lee has compared the current state of Bitcoin to the Internet’s explosive performance, which began in 1996 after years of launch. “If you look at Bitcoin wallets, comparing it to the internet, we are back to the 1996 level,” Lee stated. With BTC exhibiting the Internet’s exponential movement in 1996, the founder claims that the flagship digital asset is still in its early days.

Addressing its usefulness, Lee believes Bitcoin is extremely useful in revolutionizing the financial sector, creating a transparent environment in the future. From Lee’s perspective, the future may become less safe because nothing is secure anymore in the sector.

Lee has declared the Bitcoin decentralized blockchain as the solution to the failing and unsafe system. This notion is what is driving the United States to own a million BTC in its strategic reserve. While big institutions have been ramping up BTC, the founder also sees banks carrying BTC as collateral in the near future.

BTC Institutional Adoption Continues To Grow

Following its robust growth, Bitcoin is becoming a mainstream asset in the financial landscape. Large institutions such as Strategy and Metaplanet are beginning to realize BTC’s potential as an asset class, as evidenced by a persistent accumulation of the asset for a treasury reserve.

Related Reading: Bitcoin Will Keep Making You Money – Michael Saylor Assures BTC Investors

Coin Burean reported that Metaplanet has doubled down on the crypto king, acquiring an additional 518 BTC, valued at $61 million. With the latest purchase, the Japanese-based firm now holds a total of 18,113 BTC. This move reflects the company’s strong conviction in the asset’s long-term prospects.

Bitcoin
BTC trading at $119,769 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Godspower Owie

Godspower Owie

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Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

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