Bitcoin (BTC) is on observe to blow previous $150,000 goal this 12 months, says veteran crypto market commentator Tom Lee.
In a current interview with CNBC’s Squawk Field, Lee, a managing accomplice and head of analysis at Fundstrat World Advisors, got here out along with his newest bullish tackle the Bitcoin value.
Bitcoin Might Hit Backside This Week
Bitcoin and different main tokens, together with Ripple’s XRP, Cardano (ADA), and Solana’s SOL tumbled laborious on Tuesday, simply days after a dramatic rally fueled by President Donald Trump’s announcement of a U.S. crypto strategic reserve, obliterating all positive factors sparked by the preliminary pleasure.
Nonetheless, Tom Lee sees an incoming turning level for the crypto market after the most recent sell-off.
Talking with CNBC, Lee referred to his prediction in mid-January, the place he had indicated that the foremost crypto would fall again to the $70,000 zone, and even to as little as the $50,000 vary earlier than getting into a full-blown bull run.
On the time of the prediction, BTC was altering palms at round $91,600 after dropping from $103K highs only a few days prior. The fund strategist known as it a “fairly regular correction” for a “hyper-volatile asset.”
Now, Lee has acknowledged that he expects Bitcoin “to do higher than $150,000” this 12 months, citing widening acceptance.
“It’s turning into extra extensively held. You understand, Citadel begins buying and selling it, it begins to have extra broad acceptance,” he posited.
In his opinion, the brutal market correction was a “cyclical downturn” within the BTC value.
How Excessive Can Bitcoin Go In 2025?
Bitcoin is down 8.8% over the previous 24 hours as Trump’s tariffs take impact, buying and selling palms for $83,298 as of publication time. With a White Home Crypto Summit scheduled for March 7, traders are actually ready for extra readability — or additional turmoil — relying on how the talks go.
Though the Fundstrat govt didn’t share a 2025 Bitcoin value goal through the Monday interview, he has beforehand speculated that the apex crypto might high $250,000.
In the meantime, Matthew Sigel, the pinnacle of digital belongings analysis at asset administration agency VanEck, predicts Bitcoin will smash $180,000 by the tip of 2025, whereas Bitfinex analysts anticipate a $200,000 BTC value.