Famous investment strategist Tom Lee has once again created excitement in the cryptocurrency market by predicting that Bitcoin could reach $250,000 within the next year.
Speaking on Speak Up with Anthony Scaramucci, the Fundstrat Global Advisors co-founder and chief investment officer touched on Bitcoin’s strong potential, fueled by historical trends and market dynamics.
Lee attributed his bullish view to Bitcoin’s halving, a major event where the reward for mining Bitcoin blocks is cut in half, slowing the rate at which new coins are mined. This event, which has occurred previously this year, has historically preceded significant price increases. “The sweet spot for this price increase is towards the end of this year and into next year,” Lee said, adding that Bitcoin’s price has been closely followed by previous halving cycles.
Another important factor in Lee’s optimism is the potential for positive U.S. government policies. Lee noted the new administration’s pro-Bitcoin stance and the possibility that the U.S. would accept Bitcoin as a strategic reserve asset. He said this move could significantly bolster Bitcoin’s legitimacy and increase demand. “If the U.S. government eventually reaches one million Bitcoins, it will be the largest holder of Bitcoin in the world,” Lee said, comparing the strategy to MicroStrategy’s successful use of Bitcoin as a balance sheet asset.
While Lee is firm on his Bitcoin prediction, he also sees potential in other cryptocurrencies. Along with Ethereum and Solana, he expects altcoins to perform well, especially as Bitcoin’s dominance in the market could wane in 2025. “The stronger Bitcoin is, the stronger the ecosystem is,” Lee says, predicting a productive altcoin season next year.
When pressed by Scaramucci for a definitive prediction, Lee confidently said, “I think a year from now Bitcoin will be something around $250,000.”
*This is not investment advice.
