Hong Kong Stock Market News | OSL Group soared more than 13% in early trading, with the bullish Fundstrat making an aggressive prediction that Bitcoin will surge to $150,000 by the end of the year.
In the morning session, OSL Group surged over 13%, reaching a 13.35% increase to HKD 9.17 with a trading volume of HKD 4.93 million as of the time of publication. On the news front, Tom Lee, Managing Partner of Fundstrat Global Advisors, recently made a bold prediction on the trend of Bitcoin, suggesting that by the end of this year, the cryptocurrency could rise to $150,000. Lee stated in an interview, "I believe Bitcoin could reach as high as $150,000. The demand for ETFs has improved, while the supply has decreased... If monetary policy eases as we expect, this will support risk assets and Bitcoin." As for the long-term price forecast for Bitcoin, Lee reiterated his prediction of reaching $500,000 within five years. He said, "It is a reliable currency, I believe it will prove to be useful... It has a high storage value. It is a good risk asset. It is also very secure."
Zhitong App learned that OSL Group (00863) surged more than 13% in the morning session, with a 13.35% increase to HKD 9.17 as of the time of publication, with a turnover of HKD 4.93 million.
On the news front, Tom Lee, Managing Partner of Fundstrat Global Advisors, recently made a bold prediction on the trend of Bitcoin, suggesting that by the end of this year, the cryptocurrency could rise to $150,000.
In an interview, Lee stated, "I believe Bitcoin could reach as high as $150,000. The demand for ETFs has improved, while the supply has decreased... If monetary policy eases as we expect, this will support risk assets and Bitcoin."
Regarding the long-term price forecast for Bitcoin, Lee reiterated his prediction of reaching $500,000 within five years. He said, "It is a reliable currency, and I believe it will prove to be useful... It has a high storage value. It is a good risk asset and very secure."