Fundstrat’s head of research, Tom Lee, shared his Bitcoin outlook on CNBC’s Squawk Box, stating that BTC is likely to bottom out this week along with the equities market. He remains bullish, predicting Bitcoin will exceed $150,000 in 2025.
Lee referenced Fundstrat’s earlier forecast, which anticipated Bitcoin’s drop to $52,000–$70,000 by mid-January before rebounding. At the time of the prediction, BTC was trading at $96,500, having briefly dipped to $91,290. Now, Lee suggests Bitcoin is poised for significant growth, emphasizing that increased institutional adoption, including potential market participation from Citadel Securities, could drive demand.
Citadel Securities is reportedly considering becoming a major liquidity provider for crypto exchanges, marking a shift in its stance toward digital assets. Lee believes this broader acceptance could accelerate Bitcoin’s price appreciation.
Meanwhile, Bitcoin saw an 11.33% jump to $95,300 following the U.S. government’s approval of a Strategic Crypto Reserve. This reserve will include Bitcoin, Ethereum, XRP, ADA, and SOL, leading to double-digit price gains across these assets. XRP surged 34.28% to briefly hit $3.02 before retreating to $2.69.
Currently, Bitcoin is trading at $93,160, with investors watching closely as market dynamics shift. With growing institutional interest and government recognition of crypto assets, Lee’s prediction of BTC surpassing $150,000 appears increasingly plausible.
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