Fundstrat Global Advisors Managing Partner and Research Director Tom Lee said in an interview with CNBC on Wednesday that he expects the price of Bitcoin to reach $150,000 this year. Regarding his long-term price prediction for Bitcoin, he reiterated his forecast of reaching $500,000 within five years.

Lee described Bitcoin as a "sound currency" and emphasized that this cryptocurrency is very secure and has proven to be a good risk asset and excellent store of value. (Bitcoin.com)