Bitcoin has experienced remarkable upside action since it was launched in 2009, with its price rising to an all-time high of $122,000. Despite this massive growth in price since its inception, prominent figures in the financial sector continue to advocate for an investment in Bitcoin, claiming it is still in its early stages.
New Buyers Of Bitcoin Are Still Early
As Bitcoin surges toward its all-time high, Thomas “Tom” Lee, the co-founder of Fundstrat Global Advisors, has made a shocking claim about fresh BTC buys. While emphasizing his bullish outlook for BTC, the founder insisted that purchasing Bitcoin now is still considered early in the long run of its growth cycle.
Tom Lee made the bold statement in a recent interview on the Global Money Talk shared by Coin Bureau on the social media platform X (formerly Twitter). His remarks suggest that the current market prices leave plenty of upside potential as BTC continues its march toward deeper institutional adoption, technology integration, and global recognition as a new asset class.
In the interview, Lee began by stating that even though an individual has zero exposure to BTC, it is not too late to buy the crypto king. According to the Fundstrat founder, 95% of investors still have zero exposure to BTC, which means new adopters are still way ahead of what he sees as the next major wave of exponential growth.
Furthermore, Lee has compared the current state of Bitcoin to the Internet’s explosive performance, which began in 1996 after years of launch. “If you look at Bitcoin wallets, comparing it to the internet, we are back to the 1996 level,” Lee stated. With BTC exhibiting the Internet’s exponential movement in 1996, the founder claims that the flagship digital asset is still in its early days.
Addressing its usefulness, Lee believes Bitcoin is extremely useful in revolutionizing the financial sector, creating a transparent environment in the future. From Lee’s perspective, the future may become less safe because nothing is secure anymore in the sector.
Lee has declared the Bitcoin decentralized blockchain as the solution to the failing and unsafe system. This notion is what is driving the United States to own a million BTC in its strategic reserve. While big institutions have been ramping up BTC, the founder also sees banks carrying BTC as collateral in the near future.
BTC Institutional Adoption Continues To Grow
Following its robust growth, Bitcoin is becoming a mainstream asset in the financial landscape. Large institutions such as Strategy and Metaplanet are beginning to realize BTC’s potential as an asset class, as evidenced by a persistent accumulation of the asset for a treasury reserve.
Coin Burean reported that Metaplanet has doubled down on the crypto king, acquiring an additional 518 BTC, valued at $61 million. With the latest purchase, the Japanese-based firm now holds a total of 18,113 BTC. This move reflects the company’s strong conviction in the asset’s long-term prospects.