Tom Lee, co-founder of Fundstrat, made a daring prediction in regards to the future value of Bitcoin at CNBC Squawk Field on third March 2025. He believes that Bitcoin would possibly exceed $150,000 by the top of 2025.
He attributes this optimism to the rising curiosity of institutional traders that now commerce Bitcoin often, together with Citadel, amongst others. He believes this new curiosity would push Bitcoin larger.
Bitcoin had a poor efficiency final month. It misplaced 24% of its worth, dropping from round $102,000 to $78,000. Lee mentioned this was regular in any market cycle. He added that Bitcoin rallies up after a brief dip. “Bitcoin makes all of its beneficial properties in 10 days.”
Lee additionally talked about how international occasions affect the worth of Bitcoin. For example, President Donald Trump’s latest resolution to go forward with a U.S. strategic crypto reserve helped push Bitcoin’s value again up above $90,000.
Though the crypto market is going through some challenges, together with the brand new commerce tariffs and the shift towards a safer asset like gold, the co-founder continues to be assured that Bitcoin will bounce again stronger.
Different business specialists have additionally predicted the same outlook. Bitwise and Stardard Chartered predicted that the Bitcoin value would attain $200,000 by the top of the 12 months. Nevertheless, Lee warned towards timing the market and that it’s arduous to foretell precisely when Bitcoin will rally.
At press time, the Bitcoin value is at $84,701 after shedding 6% in 24 hours. Buying and selling quantity has elevated by 2% to $72 billion, however the market cap is down by 6% to $1.7 trillion.
Additionally Learn: Bitcoin Price Retreats to $84K with 9% Drop in Last 24 Hours
