Tom Lee, co-founder and head of research at Fundstrat Global Advisors, believes Bitcoin needs to drop further before it can make a significant comeback. In a recent CNBC interview, he stated that while Bitcoin’s current decline of 15% from its highs is typical for such a volatile asset, more correction is expected. Fundstrat’s analysis suggests Bitcoin could fall another $20,000, potentially hitting a floor around $70,000. However, it could dip as low as the $50,000 range before starting to recover. Lee advises that Bitcoin should be viewed as a long-term investment, rather than trying to time the Market, which could lead to potential gains if it rebounds. Currently, Bitcoin is valued at $91,731, having dropped 10% in the last week.
The co-founder and head of research at Fundstrat Global Advisors, Tom Lee, recently shared his thoughts on Bitcoin’s future in an interview with CNBC. He mentioned that for Bitcoin (BTC) to make a significant comeback, it may need to dip further before bouncing back. At the moment, Bitcoin is down approximately 15% from its recent highs, which he described as a regular correction given the asset’s volatility and current global liquidity trends.
Lee believes we are still early in the halving cycle and predicts that Bitcoin might experience a drop of around $20,000 from its current price. Currently valued at $91,731, he pointed out that $70,000 could be a critical point for Bitcoin. This level might act as a retracement area if the price rallies. However, he also suggested that Bitcoin could fall even lower, potentially into the $50,000 range.
For investors considering entering the Market, Lee emphasized viewing Bitcoin as a long-term investment rather than trying to time short-term price movements. Investing in Bitcoin could yield significant returns if approached with patience and a long-term mindset.
In conclusion, while Bitcoin is experiencing fluctuations, many believe it will rebound strongly. Investors are advised to keep an eye on the Market and consider their long-term strategies when investing in crypto.
Tags: Bitcoin, Tom Lee, Fundstrat, cryptocurrency, BTC forecast
Don’t miss the latest updates—subscribe to receive alerts directly in your inbox. Keep track of price action and follow us on social media for more crypto news.
What is the main idea behind Tom Lee’s prediction for Bitcoin in 2025?
Tom Lee from Fundstrat believes that Bitcoin could perform very well as an asset in 2025. However, he warns that certain conditions must be met for this positive outcome.
What are the conditions Tom Lee mentions for Bitcoin’s success?
Lee suggests that for Bitcoin to thrive, it needs to overcome current Market challenges. This includes stabilizing volatility and gaining greater acceptance among investors and businesses.
Why do people consider Bitcoin a good investment?
Many people see Bitcoin as a strong investment because it is seen as digital gold. It can protect against inflation and offer potential for high returns, making it appealing to both investors and everyday users.
What risks should investors consider when buying Bitcoin?
Investors should be aware that Bitcoin is still quite volatile. Prices can fluctuate dramatically, which means potential for loss is real. It’s important to only invest what you can afford to lose.
How can someone start investing in Bitcoin?
To start investing in Bitcoin, one should choose a reliable exchange to buy it. After setting up an account, users can purchase Bitcoin and store it in a secure wallet. Always research before jumping in to understand what you’re getting into.