Tom Lee, a prominent market strategist at Fundstrat, stated that the period of deleveraging by institutions is now complete, which he believes will allow Bitcoin to catch up to gold in terms of market performance. Lee emphasized that risk deleveraging had previously acted as a headwind for Bitcoin, but with that phase ending, Bitcoin is expected to close the gap with gold. He made these remarks during an appearance on CNBC's Squawk Box, highlighting his positive outlook for Bitcoin relative to the precious metal. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
