Stocks are expected to experience a surge this month, according to the Managing Partner and Head of Research at Fundstrat Global Advisors. Additionally, institutional investors are predicted to drive Bitcoin (BTC) to new heights.

During a recent interview with CNBC, Tom Lee stated that he is aiming for the S&P500 to reach $5,500 by the end of the month, representing a 4.1% increase from its current levels.

Lee believes that the positive situation for equities is a result of inflation being lower than expected and a cooling job market that is not drastically weakening. He also noted that the sell-off in April has not been fully recovered, leading to the anticipation of a rebound in May and June.

Lee further mentioned that there is still approximately $6 trillion of cash on the sidelines, indicating that investors have not fully entered the market yet. With margin debt still lower than it was in October 2021, Lee expects a robust upward movement in the stock market this month.

Regarding Bitcoin, Lee expressed continued optimism, stating that the recent event surrounding the cryptocurrency is a positive factor. He also highlighted the increasing institutional adoption and the development of infrastructure around Bitcoin, which he believes will propel its value to $150,000. Lee emphasized that Bitcoin’s movement is influenced by the number of wallets and activity per wallet, both of which are on the rise.

As of now, BTC is valued at $70,525, representing a 2% increase in the last 24 hours.

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at the individual’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor do they provide investment advice.