---
title: "Hong Kong Stock Market News | OSL Group soared more than 13% in early trading, with the bullish Fundstrat making an aggressive prediction that Bitcoin will surge to $150,000 by the end of the year."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/108679476.md"
description: "In the morning session, OSL Group surged over 13%, reaching a 13.35% increase to HKD 9.17 with a trading volume of HKD 4.93 million as of the time of publication. On the news front, Tom Lee, Managing Partner of Fundstrat Global Advisors, recently made a bold prediction on the trend of Bitcoin, suggesting that by the end of this year, the cryptocurrency could rise to $150,000. Lee stated in an interview, \"I believe Bitcoin could reach as high as $150,000. The demand for ETFs has improved, while the supply has decreased... If monetary policy eases as we expect, this will support risk assets and Bitcoin.\" As for the long-term price forecast for Bitcoin, Lee reiterated his prediction of reaching $500,000 within five years. He said, \"It is a reliable currency, I believe it will prove to be useful... It has a high storage value. It is a good risk asset. It is also very secure.\""
datetime: "2024-02-27T01:38:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/108679476.md)
  - [en](https://longbridge.com/en/news/108679476.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/108679476.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/108679476.md) | [繁體中文](https://longbridge.com/zh-HK/news/108679476.md)


# Hong Kong Stock Market News | OSL Group soared more than 13% in early trading, with the bullish Fundstrat making an aggressive prediction that Bitcoin will surge to $150,000 by the end of the year.

Zhitong App learned that OSL Group (00863) surged more than 13% in the morning session, with a 13.35% increase to HKD 9.17 as of the time of publication, with a turnover of HKD 4.93 million.

On the news front, Tom Lee, Managing Partner of Fundstrat Global Advisors, recently made a bold prediction on the trend of Bitcoin, suggesting that by the end of this year, the cryptocurrency could rise to $150,000.

In an interview, Lee stated, "I believe Bitcoin could reach as high as $150,000. The demand for ETFs has improved, while the supply has decreased... If monetary policy eases as we expect, this will support risk assets and Bitcoin."

Regarding the long-term price forecast for Bitcoin, Lee reiterated his prediction of reaching $500,000 within five years. He said, "It is a reliable currency, and I believe it will prove to be useful... It has a high storage value. It is a good risk asset and very secure."

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