- Tom Lee believes Bitcoin will be on par with gold as institutional deleveraging ends.
- Bitcoin has dropped 5.29% year-to-date, while gold has surged 30.28% amid macro uncertainty.
- Lee expects Bitcoin to rebound, citing strong long-term potential as a leading non-dollar asset.
With Bitcoin steadily increasing, market observers compare the digital asset to gold, predicting that it will follow the metal’s path and gain an upward movement. In a recent appearance, Tom Lee, the managing partner at Fundstrat, shared his belief in Bitcoin. He said that Bitcoin is now positioned to mirror gold’s recent rally, as institutional deleveraging appears to have ended. He emphasized that Bitcoin still has room to grow and could soon close the gap with gold.
This comes after Bitcoin suffered sharp declines earlier in the year. In February, Bitcoin saw a 17.66% decline, which became its largest monthly price drop after the Terra crash in 2022. During March, the Bitcoin market recorded its second monthly decrease at 2%. Its price faced a 5.29% year-to-date decline by April 2025. Geopolitical tensions between China and the U.S. have also intensified the market pressure. Trump’s retaliatory tariffs caused broad selloffs, which negatively impacted both equity markets and crypto asset values.
Meanwhile, gold has solidified its role as a traditional safe haven. The metal has gained 30.28% year-to-date, including a 9.39% surge in April alone. In contrast to Bitcoin, gold has posted monthly gains since January, supported by economic uncertainty and concerns about inflation.
Tom Lee sees a turnaround coming for Bitcoin. Speaking with host Joe Kernen, Lee acknowledged Anthony Pompliano’s point that Bitcoin often lags behind gold but eventually surpasses it with more explosive gains. Lee explained that Bitcoin’s recent underperformance was tied to forced selling by institutions, particularly over weekends. With the deleveraging phase likely over, he expects Bitcoin to recover and match gold’s momentum.
Lee also pointed to Bitcoin’s strength as a non-dollar asset. He cited Bitcoin’s previous highs above $110,000 and noted it remains undervalued compared to its long-term potential. With the market likely past its phase of peak uncertainty, Lee expects Bitcoin to have a substantial rebound as investor confidence returns.
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Bitcoin has already shown early signs of a rebound. The asset has gained 7.94% in April and is currently trading around $93,921. Despite gold’s current dominance, Bitcoin has outpaced it over the longer term. Since January 2024, Bitcoin has climbed 115%, while gold has risen 57%. If Bitcoin were to match gold’s 30% year-to-date gain, its price would surge to around $121,000.
Tom Lee maintains his optimistic outlook regarding Bitcoin’s future projection. His prior Bitcoin prediction of reaching $100,000 by the end of 2024 successfully came true. He now believes the asset could potentially reach above $150,000 this year due to institutions returning to the market while selling pressure reduces.
