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 in the short term, Bitcoin may continue to fall to a price level of $70,000, but he is optimistic about its long-term trend and believes that Bitcoin will be one of the best-performing assets in 2025.
During an interview on CNBC, with Bitcoin falling from $94,000 to around $91,000, Tom Lee commented on this, saying:
“For the price level of $70,000, this means you have a great opportunity, as 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 Bitcoin would drop 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, to which Tom Lee replied:
Tom Lee had previously predicted in an interview in late November last year that Bitcoin would reach a high of $250,000 by the end of 2025. His optimistic expectations for Bitcoin are based on four factors: Federal Reserve rate cuts, 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