# Bitcoin has several possible catalysts in the near future that may take it to new highs

Which one will it be?

We have the next block reward halving taking place in May of 2020, which traditionally has been very bullish for bitcoin.

We have Bakkt launching as well as a couple other institutional oriented products that should usher in a different class of investors, a la the institutional variety.

However, according to our friend Tom Lee, it may be something else entirely that may take prices to new all time highs.

# Lee says to watch stocks for bitcoin's next move

Watch stocks, that doesn't make much sense, does it?!

Well, actually it does!

According to Lee, stocks will be a very good indicator of central bank liquidity and stimulus. IE, if stocks are going up, it likely means central banks are injecting stimulus in the markets.

Lee thinks that stimulus for stocks will also be good for bitcoin.

His exact quote:

> “The next big catalyst, I think, is a decisive breakout in the equity markets, because I think once equities break to an all-time high, bitcoin becomes a risk-on asset.”

(Source: https://www.cnbc.com/2019/09/15/tom-lee-bitcoin-and-sp-500-are-heading-to-new-all-time-highs.html)

# Lee has some data to back up his theory as well

Bitcoin doesn't have a ton of trading history to pour over, but a look at the last 10 years we see a possible trend emerge as it relates to equities.

The years that stocks have enjoyed greater than a 15% return, bitcoin has also enjoyed some of its best years:

https://i.postimg.cc/wMLHjXBq/bitcoin-v-spx-1568403403884.png

(Source: https://www.cnbc.com/2019/09/15/tom-lee-bitcoin-and-sp-500-are-heading-to-new-all-time-highs.html)

Coinincidence?

Probably not.

# Bitcoin may work well either way

Lee was also quick to point out that even if we don't have an easy money environment (which we will), bitcoin could still do well.

According to Lee:

> “Bitcoin may be ambidextrous in that it works well in a risk-on world, but as you start to get nervous, then you treat it like digital gold.”

(Source: https://www.cnbc.com/2019/09/15/tom-lee-bitcoin-and-sp-500-are-heading-to-new-all-time-highs.html)

An ambidextrous bitcoin works for me!

Stay informed my friends.

-Doc