In a recent interview with Anthony Pompliano, Tom Lee, the Chairman of Bitmine and a prominent crypto bull, articulated a compelling correlation between the price of gold and the future terminal price of Bitcoin. This discussion garnered attention from Bitcoin historian Pete Rizzo, who interpreted Lee's insights to suggest that Bitcoin could potentially reach $3 million. Lee explicitly stated that the higher gold climbs, the higher Bitcoin's future price will be, reiterating his long-term price targets.

Lee elaborated on this theory, explaining that gold's recent rally to new all-time highs is a very bullish signal for both Bitcoin and Ethereum. He posited that gold typically moves first, with Bitcoin catching up subsequently, indicating that gold's performance actively aids Bitcoin's future price trajectory. When pressed on the fair value of Bitcoin should gold reach $5,000, Lee provided a calculation: dividing gold's market capitalization by the total number of Bitcoin could result in a price range of $1.6 million to $2 million per coin. This projection suggests that if Bitcoin were to match gold's network value at that $5,000 gold price point, it would achieve these substantial valuations.

Regarding the timeframe for these ambitious price targets, Lee estimated that Bitcoin could reach the $1.6 million to $2 million range within the next five years, placing this milestone around 2030. He emphasized that Bitcoin is not capped by gold but rather is propelled upwards by its influence. For a more immediate outlook, Lee also revealed a short-term price projection, suggesting Bitcoin could hit $200,000 by the end of 2025. He cited a high probability for a strong fourth quarter for Bitcoin, attributing potential catalysts like the Federal Reserve's easing policies as a significant factor for its price action.

Addressing the concept of Bitcoin's traditional four-year cycle, Lee expressed a preference for a longer cycle perspective. While acknowledging the possibility of future drawdowns, he suggested that these might still be significant, potentially exceeding 50%, or that the traditional cycle pattern itself might be evolving or breaking. At the time of the interview, Bitcoin was trading at $109,986, providing a current context to these future-oriented predictions.