Tom Lee, a prominent figure in the investment community and co-founder of Fundstrat Global Advisors, recently made a bold prediction that the price of Bitcoin is expected to reach an astonishing height of $200,000 by the end of this year.

In a recent interview, Lee stated that the Federal Reserve may announce an interest rate cut at its monetary policy meeting on September 17, which would be a key factor in driving up Bitcoin prices. He emphasized that cryptocurrencies like Bitcoin and Ethereum are sensitive to changes in monetary policy, and September 17 could become an important turning point.

Currently, the trading price of Bitcoin is around $112,000, with an increase of less than 1% in the last 24 hours. Notably, Bitcoin set a historical high of $124,128 last month, which is considered a response from investors to inflation, the outlook of the U.S. economy, and other macroeconomic uncertainties.

Lee is known on Wall Street for his accurate predictions. At the end of last year, he predicted that the S&P 500 index would rise by more than 20% to 4,750 points in 2023. It turns out that the index did achieve remarkable growth in 2023, with the final closing price only differing by a little over 30 points from Lee's prediction.

Although Lee is optimistic about Bitcoin, there is still uncertainty in the market regarding the Federal Reserve's future interest rate cut policies. The volatility of the cryptocurrency market and changes in the regulatory environment may also affect the price trends of Bitcoin. Investors should carefully consider these factors and weigh the potential risks and returns when making decisions.

With the continuous development of the digital asset market, Bitcoin's position as a mainstream cryptocurrency seems to be increasingly solid. However, whether its price can reach 200,000 USD as predicted by Lee still needs time to verify. Regardless, this bold prediction will undoubtedly spark widespread discussion and attention in the market.