Bitcoin could still reach $250,000 this year, according to Tom Lee of Fundstrat
The managing partner of Fundstrat, Tom Lee, stated that bitcoin should reach $1 million "over time" and does not rule out it reaching $250,000 in 2025.
The co-founder of Fundstrat and president of BitMine, Tom Lee, stated that bitcoin could reach $250,000 in 2025, despite other cryptocurrency analysts cautiously lowering their forecasts.
"I believe bitcoin should really surpass $120,000 before the year ends; maybe $200,000, maybe $250,000," Lee told Natalie Brunell on the Coin Stories podcast on Tuesday.
Last November, Lee gave a 12-month deadline for bitcoin to reach $250,000.
Not all analysts are as optimistic as Tom Lee
While analysts such as the co-founder of BitMEX, Arthur Hayes, and the market research director of Unchained, Joe Burnett, have recently echoed a similar price target for the year, others have adopted a more cautious perspective with less than five months until the end of 2025.
In May, Bernstein and Standard Chartered set their year-end targets for Bitcoin at $200,000, while Markus Thielen of 10x Research recently projected a more modest figure of $160,000.
