Tom Lee predicts Bitcoin will reach $1,000,000, with a target price of $60,000 for ETH.

PANews August 28 news, Fundstrat founder Tom Lee said in an exclusive interview that Crypto Assets will become the core of the new financial system, and predicts that Bitcoin price will reach 1 million dollars, with a target price of 60,000 dollars for ETH. He believes that the influx of institutions and sovereign funds will provide support for the market and suggests that stablecoins may provide long-term support for fiscal stability by purchasing U.S. Treasury bonds. In addition, Lee pointed out that Bitcoin and ETH have become cases similar to “Universal Basic Income” (UBI), allowing early investors to gain economic benefits without additional work. He also mentioned that the combination of AI and financial innovation will drive Crypto Assets into a broader range of practical applications, changing traditional market cycles. According to previous news, Tom Lee: ETH will rise to 5500 dollars in the coming weeks, reaching 10,000 to 12,000 dollars by the end of the year.