Tom Lee, co-founder, managing partner, and head of research at Fundstrat Global Advisors, anticipates a bright trajectory for bitcoin as adoption continues to widen. Speaking recently on stage at the Consensus conference in Canada, Lee remarked that, in time, it “should have the same network value as gold.”

Lee Says Bitcoin Could Skyrocket to $1M–$1.5M

The Fundstrat co-founder has long been an ardent advocate for bitcoin ( BTC), and earlier this year, he projected that the leading digital asset would outshine all others in 2025—even eclipsing gold’s performance. Renowned for his market forecasts, Lee told attendees at the Consensus conference in Canada that BTC should be understood as a network value asset.

“Bitcoin is a little bit like a Swiss Army knife because it really does meet the fact that it’s a risk-on asset, but it’s a network value asset, and I think that as more people adopt bitcoin, it still explains most of the increase in price,” Lee said. “And of course, it’s a great safe haven asset. 
I mean, I think over the next ten years, I think the easiest way to think of bitcoin is that it should have the same network value as gold.”

Lee added:

You know gold, if it’s a $23 to $30 trillion asset, that means bitcoin should be, at least a million, [to a] million and half dollars.

For years, Lee has maintained that as bitcoin gains traction among individuals and institutions, its network value grows—positioning it as a compelling alternative to gold, particularly in an era defined by inflation, currency dilution, and financial instability. He’s long envisioned bitcoin as a hybrid: part risk-on tech asset, part safe haven, and has repeatedly proposed that its market capitalization could one day match or exceed gold’s, provided it reaches comparable global recognition as a store of value.

The path to parity with gold, however, demands sustained trust, infrastructural maturity, and macroeconomic conditions favoring decentralized alternatives in a fragmented financial landscape.