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 tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.
BlackRock is making another assertive move into digital assets, quietly expanding its crypto portfolio with sizable purchases of both Bitcoin and Ethereum.
In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.