Fundstrat co-founder Tom Lee says Bitcoin price could surpass $150K before the end of the year despite a shoddy end to February. The investor pins his projection on rising institutional adoptions and previous dizzying rallies that characterize Bitcoin’s price actions.
Bitcoin Price Will Exceed The $150K Mark, Says Tom Lee
Despite BTC slipping under $80K, Tom Lee says the asset price is poised to break $150K before the end of the year. The Fundstrat co-founder shared his views on CNBC’s Squawk Box, citing a raft of positive fundamentals for Bitcoin price.
Lee noted that rising institutional adoption for Bitcoin will fuel a massive price rally, sending the top crypto beyond $150K. The executive particularly mentioned incoming Citadel’s cryptocurrency trading services expecting to broaden adoption metrics for Bitcoin.
He argues that Bitcoin price correlates with its adoption figures and recent influx of institutional investors will drive up its value to new highs.
“I think its going to do better than $150K this year,” said Lee. “It’s becoming more widely held. If Citadel starts trading it, its starts to have more broad acceptance.”
Bitcoin Had No Negative Headlines But Prices Took A Massive Hit
Lee attempted to rationalize BTC’s price crash at the tail end of February, pointing out that the asset had no negative headline to drive prices down. He eliminates the prospects of a fundamental-induced price crash as BTC tumbled to a 120-day low to $78k.
For Lee, falling Bitcoin prices are due to a cyclical downturn that could have pushed prices toward $60K. While investors gobbled up the dip, a cross-section of pessimist theorized that the correction marked the end of the bull run.
However, US President Donald Trump’s decision to proceed with a Crypto Strategic Reserve has sent Bitcoin price soaring past $90K. Pundits say the executive order may be the trigger for the march toward $150K for Bitcoin.
The post Fundstrat’s Tom Lee Predicts Bitcoin Price Will Hit $150K In 2025 appeared first on CoinGape.
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