Tom Lee, 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 the price may continue to fall to $70,000 in the short term, but he is bullish on the long-term trend and believes that Bitcoin will be one of the best-performing assets in 2025.
During an interview with CNBC, Tom Lee mentioned that Bitcoin had dropped from $94,000 to around $91,000. Regarding the $70,000 price level, Tom Lee added, “This means you have a great opportunity because I believe Bitcoin will be one of the best-performing assets (this year).”
CNBC host Andrew Ross Sorkin then asked Tom Lee if he really believed that Bitcoin would fall to $70,000 or if he saw it as a buying opportunity.
Subsequently, the host asked if the current price provided a “fair” or “good entry price” for buyers. Tom Lee responded:
Tom Lee predicted in an interview at the end of November last year that Bitcoin would reach a high of $250,000 by the end of 2025. His optimistic expectation for Bitcoin is based on four factors: the Federal Reserve’s interest rate cut, the demand for Bitcoin spot ETFs, the impact of the halving event on supply, and the possibility of the upcoming Trump administration designating Bitcoin as a strategic reserve asset. Source
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