cryptodnes.bg
14 January 2025 11:00, UTC
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.
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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.
