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Bitcoin’s recovery should accelerate if the stock market hits record highs, according to Fundstrat’s Tom Lee

June 1, 2021

Fundstrat’s Tom Lee reiterated his bullish view on bitcoin in a note on Monday, saying that the cryptocurrency could surge to record highs if the stock market reaches new all-time-highs.

Lee reiterated his view that bitcoin will exceed the $125,000 price level before the end of the year, according to the note. Lee’s year-end bitcoin price target represents 241% potential upside from Tuesday morning levels.

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