Tom Lee’s Fundstrat first reported on Bitcoin five years ago. The report stated that bitcoin could reach $15,000-$50,000 by 2022.

BitcoinLee believes that bitcoin is in the upper middle range of the above-mentioned range and remains positive about its future in crypto and Bitcoin, particularly with a growing rate environment.

CNBC’s Fundstrat’s founder stated that “Interest Rates look as if they’re going to reverse almost thirty years of declines.” “Crypto World” Monday. “That means for the next 10 years, you’re guaranteed to lose money owning bonds… that’s almost $60 trillion of the $142 trillion [of U.S. household net worth].”

Tech stocks and other high-risk growth investments have been hit by rising rates and continue to decline amid anxiety among investors about Federal Reserve rate hikes. Goldman Sachs is now predicting seven rate hikesThis is the year.

“Where’s $60 trillion going? Will it generate yield?” Lee agreed. “The obvious thing is it rotates into stocks like FAANG, but I think what is more likely is a lot of speculative capital from equities… it’s really going to be tracing its roots to a rotation out of bonds and it’s going to eventually flow into crypto.”

In the last two years, crypto as an alternative asset has expanded beyond bitcoin to include NFTs, decentralized finance and stablecoins along with other altcoins. But these assets are still in the early stages of development and need to be validated to give investors as much confidence as they did with bitcoin.

Bitcoin is so familiar to investors that they no longer feel like long-term crypto-natives or “HODLing”; they are now short-term traders who treat bitcoin as any other risk asset.

Lee explained that there are many opportunities to try, experiment, learn, fail and maybe even succeed when it comes NFTs, metaverses and other innovative uses of crypto. However, it’s crucial to protect the Bitcoin network’s security. He believes that this could prove to be the biggest barrier to achieving $100,000 and higher.

“The greatest downside to crypto would be vulnerability in bitcoin,” he stated.

While crypto has advanced a lot over the past five year, its use cases remain a mystery and are being tested.

Lee explained that it is very hard to accurately predict crypto if one doesn’t have an omniscient view. Drawdowns below 40% are very common, and Bitcoin makes the most out of any given year’s gains within 10 days. Crypto is difficult to pinpoint. You can go in many directions.”