Bitcoin (BTC) analysis reveals a market poised for explosive growth, with Wall Street's most accurate crypto forecaster backing astronomical targets that dwarf previous BTC price predictions.

Tom Lee of Fundstrat is confident that Bitcoin's price will double by the end of this year, and in the long term, he believes it could surpass $1 million, potentially reaching as high as $3 million

Bitcoin price today reflects growing institutional confidence, with the world's largest cryptocurrency maintaining near the all-time high around $120,000. The digital asset has demonstrated remarkable resilience during the current consolidation, building a solid foundation for the next explosive move higher.

As of today, Wednesday, July 23, 2025, Bitcoin is trading at $118,500, down a modest 1.2%.

Bitcoin price today. Source: CoinMarketCap.com

Recent market dynamics show Bitcoin responding favorably to global liquidity expansion and dovish Federal Reserve expectations. During a recent interview on CNBCs Squawk Box, Lee emphasizes that Bitcoin is "responding to global liquidity, which is currently moving up" as markets anticipate rate cuts in the coming months.

The cryptocurrency's performance continues outpacing traditional assets, with institutional investors increasingly viewing Bitcoin as digital gold that deserves premium valuations compared to physical precious metals.

Tom Lee's Revolutionary $3M Bitcoin Price Prediction

The Supply-Demand Mathematics Behind $3 Million

Fundstrat's Tom Lee unveiled his most aggressive Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, weve gone a long way ever since a Florida resident Laszlo Hanyecz made BTCs first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa Johns.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, weve gone a long way ever since a Florida resident Laszlo Hanyecz made BTCs first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa Johns.One could now argue that Read this Term prediction during a recent CNBC appearance, suggesting the cryptocurrency could reach $2.5 million to $3 million in the long term. His reasoning centers on a fundamental supply-demand imbalance that creates unprecedented upside potential.

"I think, at a minimum, it should have the same network value as gold... But I think Bitcoin is more valuable than gold. Bitcoin could be $2 million, $3 million long term, I mean even higher," Lee stated during the interview.

The mathematics supporting Lee's projection are compelling. Gold currently represents approximately $20 trillion in above-ground value, while Bitcoin's market capitalization sits at roughly $2 trillion. If Bitcoin captures even a fraction of gold's market share, the price implications become staggering.

Market capitalization of gold and Bitcoin, in USD bn. Source: Ingoldwetrust.report

I recently wrote about extremely bullish forecasts from Mike Novogratz, who predicts that Bitcoin could climb to $1 million. Around the same time, popular author Ric Edelman suggested that BTC may soon reach $500,000.

95% Mined, 95% Unowned: The Perfect Storm

Lee's bullish thesis relies heavily on Bitwise research highlighting a critical supply-demand imbalance. While 95% of all Bitcoin has already been mined, only approximately 5% of the global population actually owns the cryptocurrency.

"So, I just think that there's still a huge demand versus supply imbalance, meaning there's a lot more potential buyers of Bitcoin over the next ten years," Lee explained.