Tom Lee predicts BTC could hit new all-time high this month

Tom Lee, Chairman of Fundstrat and Bitmine (BMNR), believes Bitcoin could reach a new all-time high this month, CoinDesk reported. In an appearance on CNBC, Lee said he does not think Bitcoin has peaked, and that it is premature to conclude that Ethereum or other cryptocurrencies have reached their highs. He expects this year to be volatile but very constructive, though he cautioned that the first half could see short-term turmoil due to institutional rebalancing. Lee explained that this disruption would serve as a foundation for a major bull run anticipated in the second half of the year. He also noted that Ethereum's current price action is similar to Bitcoin's 2017-2021 bull run and that ETH is poised for remarkable performance this year.