Bitcoin is headed to $180,000 if regulators approve the first spot ETF in the US, Fundstrat's Tom Lee says

• Fundstrat's Tom Lee said the approval of a new spot bitcoin ETF could send the token soaring in 2024.
• He told CNBC Wednesday that bitcoin could reach $180,000 next year.
• The strategist still sees upside even if a spot bitcoin ETF doesn't get approved by regulators. 

The world's largest cryptocurrency by market cap could rocket to a new record high next year if regulators approve the first ever US spot bitcoin ETF, according to Fundstrat's Tom Lee. 

In an interview with CNBC Wednesday, the strategist broke down why a six-figure jump above the previous record high of $69,000 remains in the cards.