Tom Lee's Four Catalysts for a $100K Bitcoin Price

Tom Lee, co-founder of BitMine, has highlighted four catalysts that could trigger another bull run for Bitcoin and potentially push it back to $100K. The first catalyst is the passage of the CLARITY Act in September 2026, which could increase investor confidence and lead to a surge in investments into Bitcoin.

The second catalyst is the return of sidelined short positions and cash to the market, increasing liquidity for Bitcoin and other cryptocurrencies. Lee notes that this has already happened, with the US Treasury's decision to increase bond buybacks leading to higher liquidity in high-risk assets, causing Bitcoin to rise to $80,000.

The third catalyst is a reallocation of Asian capital into Bitcoin and other cryptocurrencies, further increasing liquidity in the sector. Lee also expects global institutions to increase buying under quarterly performance pressure, as they did in 2025, which could lead to a similar trend later this year.