Tom Lee, the managing partner and head of research at investment research firm Fundstrat Global Advisors, commented on the recent price correction of Bitcoin in an interview on Monday. He pointed out that in the short term, Bitcoin could continue to fall to a price level of $70,000, but he remains optimistic about its long-term trend and believes that Bitcoin will be one of the best-performing assets by 2025.
During an interview with CNBC, Tom Lee stated that Bitcoin had dropped from $94,000 to around $91,000. Regarding the $70,000 price level, he added, “This means you have a great opportunity because I think Bitcoin will be one of the best-performing assets (this year).”
CNBC host Andrew Ross Sorkin then asked Tom Lee if he truly believed that Bitcoin would drop to $70,000 or if he saw it as a buying opportunity.
Subsequently, the host inquired whether the current price provided a “fair” or “good entry price” for buyers. Tom Lee responded:
Tom Lee had previously predicted in an interview in late November last year that Bitcoin would reach a high point of $250,000 by the end of 2025. His optimistic expectations for Bitcoin are based on four factors: the Federal Reserve’s interest rate cuts, the demand for a Bitcoin spot ETF, the impact of the halving event on supply, and the possibility of the incoming Trump administration designating Bitcoin as a strategic reserve asset. Source: [Data source] (Please provide the appropriate source)
