Fundstrat’s Tom Lee remains confident that Bitcoin will hit $250,000 by the end of 2025, even after the cryptocurrency recently dipped below $90,000 for the first time this year.
In an interview with CNBC, Lee described the 15% decline from Bitcoin’s all-time high of $108,000 as typical for such a volatile asset.
Lee acknowledged that Bitcoin could experience a short-term drop to $70,000, citing technical analysis and market retracement patterns. However, he stressed that such dips represent opportunities for long-term investors, predicting Bitcoin will still emerge as one of the top-performing assets in 2025.
When asked about Bitcoin’s current price level, Lee argued that buying at $90,000 remains a strong entry point. He believes that Bitcoin’s price could rise significantly over the next year, potentially reaching $200,000 or more.
Bitcoin is currently trading at $92,051, with a market cap of $1.82 trillion after losing the $2 trillion mark earlier this month. Despite recent losses, Lee’s projections highlight his belief in Bitcoin’s potential for substantial long-term gains.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.