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24h Vol
12450
Cryptocurrencies
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Bitcoin Share
ZyCrypto 2025-01-15 20:07:12

Prominent Fund Strategist Predicts Bitcoin Will Top $250,000 This Year

Prominent Fund Strategist Predicts Bitcoin Will Top $250,000 This Year

During a recent appearance on CNBC, Tom Lee, co-founder and head of research at financial research firm Fundstrat Global Advisors, predicted that the price of Bitcoin (BTC) could end up rocketing above the $250,000 level this year. Lee is convinced that a quarter of a million dollars is still possible for the flagship crypto in 2025. Lee Sees $250,000 BTC In 2025 Crypto is not short of six-figure BTC price targets, and Fundstrat’s Tom Lee, known for years as a Bitcoin bull, remains optimistic about 2025. Lee still thinks Bitcoin will be “one of the best-performing assets” of 2025. While speaking to CNBC on Jan. 13, Bitcoin had briefly slumped below the psychologically important $90,000 mark. Lee suggested that while Bitcoin may be down over 10% from its current all-time high price of $108,000, this was a “pretty normal correction” for a “hyper-volatile asset.” He pointed out that BTC is slightly tracking global liquidity. BTC Could Still Drop To $50K Before Parabolic Surge However, Lee thinks the market is still pretty early in the current Bitcoin halving cycle. Thus, he sees the possibility of BTC dropping to the $70,000 range. Should that happen, Lee stated that the market would get “a bigger opportunity” to buy the dip before the explosive rally resumes. He also thinks the Bitcoin price could even drop lower and touch the $50,000 level if $70,000 does not hold strong. “But that, again, is not a new level; it’s just where it touches before it begins to rally,” the crypto market specialist quipped. Notably, as Bitcoin plunged recently, Michael Saylor’s MicroStrategy scooped up more BTC , adding $243 million worth of the asset to its corporate treasury. Now, the company holds a staggering 450,000 Bitcoins. Meanwhile, Lee has previously observed that the incoming Donald Trump administration could exert massive legitimizing force on Bitcoin should the United States begin accumulating BTC under the President-elect’s national strategic reserve promise. “It’s almost like taking a playbook from MicroStrategy because MicroStrategy has proven that using Bitcoin as a balance-sheet asset has really created a lot of value for MicroStrategy shareholders,” he explained . As reported by ZyCrypto , the strategic reserve idea has already faced severe pushback from some prominent critics. With Trump’s inauguration scheduled for Jan. 20, crypto observers and investors are waiting to see whether he will implement the BTC reserve plan within the first days of his second term.

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24h Vol
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290
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