As a seasoned researcher with over two decades of experience in the financial markets, I find Tom Lee’s analysis intriguing, to say the least. Having closely followed Bitcoin’s price action since its inception and witnessing its meteoric rise, I must admit that a $250,000 price target within the next 12 months sounds audacious, even for Bitcoin. However, considering Lee’s track record as a Bitcoin bull and his understanding of BTC‘s price cycles revolving around block subsidy halving events, I find his optimism plausible, albeit slightly unnerving for those who are risk-averse.
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View Urgent ForecastAccording to a recent analysis, the value of Bitcoin (BTC) could potentially soar up to $250,000 in the upcoming year, though it might first dip to around $150,000 by mimicking the price trend observed in 2023.
On November 29th, Tom Lee, the co-founder and chief researcher at Financial Research Firm Fundstrat Global Advisors, predicted that Bitcoin would reach $250,000 within a year when he addressed YouTube channel Wealthion.
Lee: Bitcoin bull run “sweet spot” has begun
Bitcoin’s predicted prices are not lacking figures with six zeros, and Lee from Fundstrat continues to be an advocate for a positive outlook towards Bitcoin’s value in 2025.
This week, he informed Anthony Scaramucci, the CEO of SkyBridge Capital, it is “very likely” that the price of Bitcoin (BTC) could surge to around $250,000 or even higher by the end of next year.
The reason, he said, was BTC price cycles revolving around block subsidy halving events.
He stated that the optimal price range will likely appear at the end of this year, continuing into the next, due to reduced supply.
“I think that has supported why we expected Bitcoin to be $100,000, and over the next 12 months I think something like over $250,000’s possible, maybe highly probable, based on just following this price cycle.”
Lee noted that if the upcoming U.S. government, led by Donald Trump, were to accumulate Bitcoins as part of its strategic reserve commitment, this action could lend substantial credibility to Bitcoin.
He argued it’s similar to following a strategy from MicroStrategy, as MicroStrategy has demonstrated that investing in Bitcoin as a financial asset has significantly increased the value for its shareholders.
As an analyst, I found Lee’s comprehensive comments regarding MicroStrategy’s Bitcoin reserves to be one of the clearest and most succinct explanations available about MicroStrategy’s relationship with Bitcoin.
According to a report by CryptoMoon, the business intelligence firm experienced sudden fluctuations in its stocks following their purchase of over $5 billion worth of Bitcoin.
$150,000 BTC price surge “doable”
Social media is also awash with commentators putting faith in Bitcoin’s ongoing bull market.
This week also included renowned trader Dave The Wave, who on November 30th expressed his viewpoint that the BTC/USD pair might not require much effort to reach a value of $150,000.
According to the chart, all it required for it to achieve the same result was to replicate its performance between October 2023 and March 2024, a period in which it experienced a growth of 186%.
“Just goes to show how doable a 150k btc price is here,” he summarized on X.
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2024-11-30 14:40