Tom Lee: Current Rally is Just the Beginning, Institutions Eye Q4 Surge

Fundstrat's Tom Lee stated on CNBC that the current crypto rally is only the first wave, as many investors have yet to enter the market. He believes Bitcoin could easily surpass $100,000, noting that institutional investors are heavily buying crypto-related stocks, which signals expectations for a major move in the fourth quarter. Lee maintains that a price target of $150,000 remains possible.