Legendary financial analyst Tom Lee shares his predictions for Bitcoin price in 2025.
During a recent discussion with Anthony Scaramucci, he highlighted the best-case scenario for BTC price over the next 12 months.
“We think there's potential for it to be in the $250,000 range over the next 12 months. Based on the current price cycle, that's probably very likely,” he said.
The possibility of the US legitimizing Bitcoin as a strategic reserve asset dramatically strengthens the long-term price outlook, Lee said.
related
If the government were to acquire 1 million bitcoins, it would establish itself as the world's largest holder of bitcoins. This move will significantly strengthen Bitcoin's legitimacy, underscoring its value as a mainstream financial asset and solidifying its place within the global economy.
Tom Lee also highlighted MicroStrategy's role in promoting Bitcoin adoption.
“Additionally, this is a page out of the MicroStrategy playbook. MicroStrategy has demonstrated that using Bitcoin as a balance sheet asset can create tremendous value for shareholders.” said.
As reported by U.Today, Lee has repeatedly predicted that prices could soar to $150,000 this year.
During a recent appearance on CNBC's “Squawk Box,” Fundstrat's Tom Lee predicted that Bitcoin (BTC) prices could eventually soar above the $100,000 level this year.
Bitcoin will soon reach $100,000
Cryptocurrency prices have remained flat for the past week as bulls target Bitcoin at $100,000 and a possible correction thereafter.
Legendary trader Peter Brandt recently urged traders not to panic during a short-term correction.
100,000 is just the next number in the sequence.
nothing special
— Peter Brandt (@PeterLBrandt) November 29, 2024
Meanwhile, prominent investor Raul Pal has made surprisingly bullish statements about Bitcoin (BTC), which could change investors' views.
related
In a recent post on X, Pal revisited his concept of the “banana zone.” This is the term he uses to describe the wide range of prices where Bitcoin shows strong potential for long-term growth.
According to Pal, this stage marks a time when Bitcoin is poised for a significant rally, reinforcing its appeal as a strategic investment.
