Bitcoin vs. Gold: Predictions by Tom Lee

Fundstrat’s Tom Lee has predicted that Bitcoin will outperform gold this year during a recent podcast appearance. He is convinced that Bitcoin will become the best-performing asset class of the year despite its underwhelming performance in the first quarter.

> “Bitcoin is still our favorite idea for this year. So we think that it will be the best-performing asset class (even better than gold),” he said.

As reported by U.Today, Bitcoin surged to the $85,000 level earlier today, but it is still more than 20% away from reclaiming its previous record high. Meanwhile, gold reached a new lifetime high earlier today after greatly outperforming its digital version in the first quarter.

Additionally, Lee previously predicted that the flagship cryptocurrency “would do better than $150,000” in 2025.

Lee has been a prominent Bitcoin price analyst since 2018. Though his price predictions exhibit a mixed record, he remains an authoritative voice in the investment space.

He recalled that Bitcoin first came up in several discussions when he was at banking giant JPMorgan. At that time, the cryptocurrency’s network value was just $20 billion. Bitcoin caught his attention in 2017 after its price surged tenfold. Fundstrat published its first report on Bitcoin when it was trading at approximately $1,000.