Fundstrat's Tom Lee Increases Bitcoin Price Target to $1,25,000 Despite Elon Musk's Turnaround

Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors who is an avid Bitcoin bull has now increased his Bitcoin price target from $100,000 to $125,000 despite a recent bizarre turnaround by Elon Musk. Musk has recently closed the Bitcoin payment gateway for Tesla cars just a month after availing the service to US customers citing environmental concerns. The claims about bad environmental impact surely took many by surprise given Musk himself is a big advocate for clean energy and the Bitcoin network’s majority mining power input comes from a clean energy source.