- Crypto bull Tom Lee, chairman of Bitmine, predicts Bitcoin could reach $3 million per coin, linking its value to gold prices.
- Lee argues that the value of Bitcoin is increasingly tied to gold, which often sets the stage for Bitcoin’s price movements.
- He states that as gold rises, Bitcoin’s future price will also increase, with current estimates suggesting Bitcoin could range from $1.6 million to $2 million per coin if gold reaches $5,000 per ounce.
In a bold and ambitious projection, Crypto bull Tom Lee, chairman of Bitmine, has laid out a vision for Bitcoin that stretches well beyond conventional estimates. In a recent conversation with industry commentator Anthony Pompliano, Lee tied Bitcoin’s potential upside to the rally in gold—and attributed a key role to gold in shaping Bitcoin’s long-term valuation. His message: as gold climbs, Bitcoin may follow—perhaps all the way to $3 million per coin.
Gold’s Momentum and Bitcoin’s Pull
Lee’s premise hinges on a simple though provocative idea: the value of gold and the value of Bitcoin are increasingly linked. He explains that gold often moves first, setting the stage for Bitcoin. With gold recently posting new all-time highs, Lee sees that strength as a bullish signal for crypto markets, especially for Bitcoin and Ethereum. He stated plainly:
“The higher gold climbs, the higher Bitcoin’s future price will be.”
And, “I still see $3 million per coin.”
This line of thinking repositions Bitcoin not just as an independent asset with its own supply/demand dynamics, but as one tied, to a degree, to gold – the traditional safe-haven asset. By linking Bitcoin’s “terminal price” (its final potential value) to gold’s network value or market cap, Lee is layering gold-market dynamics into crypto valuations.
The Math Behind the Claim
Lee was asked: if gold were to hit a certain level—say gold’s price at $5,000 per ounce—what might Bitcoin be worth? His answer drew from the concept of dividing gold’s total market cap by the number of Bitcoin in circulation. He estimated that under those conditions, Bitcoin’s “fair value” could sit between $1.6 million and $2 million per coin. Yet he did not stop there. While the $1.6-$2 million range is based on the hypothetical gold-at-$5 000 scenario, Lee says the ultimate upside could push toward $3 million. In effect, if gold’s rally is even stronger, Bitcoin could follow further.
Time-Frame and Near-Term Forecasts
Lee’s long-term view is ambitious, but he also issued a more near-term forecast. He said that by 2030, i.e., in roughly five years, Bitcoin could achieve those lofty levels. He puts it succinctly: “I can see that in five years for Bitcoin.” For the remainder of 2025, Lee believes there’s significant upside as well. He reiterated a target of $200,000 for Bitcoin by year-end, stating:
Why 2025? Lee points to a potential shift in the policy of the Federal Reserve (Fed). With expectations of easing and continued macro support, he sees favorable tailwinds for crypto assets in Q4 of this year. Another interesting point: Lee diverged from the traditional “four-year Bitcoin cycle” narrative (often linked to its halving events). He believes the cycle is becoming longer, but still anticipates 50%+ drawdowns will remain part of the game. “I’m more in the camp that it’s a longer cycle,” he said.
In Summary
Tom Lee’s forecast is bold and sets a high bar. By linking Bitcoin’s future to gold’s rally and network value, he offers a framework that suggests $1.6 million to $3 million per Bitcoin is within the realm of possibility—if conditions align. His intermediate target of $200,000 by end-2025 gives the market a nearer-term checkpoint. Whether or not Bitcoin hits these levels, the narrative shift is notable: Bitcoin is increasingly described not just as a speculative asset, but as a store of value in competition with gold. For investors, that means thinking long term—but also watching the supporting macro, policy, and institutional trends.
Disclaimer: CryptopianNews shares this for learning and info only. It’s not meant to be financial or investment advice. Crypto markets change a lot and move quickly. Investing in them can be risky. You should always look into things yourself. Talk to a trained financial advisor before making any choices about investing.
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